LegalPlayWay
Uchwała Nr 1 ZWZ PlayWay S.A. z dnia 20 Czerwca 2024
1 Jun 202426 pages~40 min full read
PlayWay S.A. approved a dividend payment of 21.82 PLN per share, totaling 144.01 million PLN, scheduled for distribution in July 2024.
See it on page 10The company reported a 2023 individual net profit of 144 million PLN and a consolidated net profit of 106.7 million PLN, with total assets valued at 534.9 million PLN.
See it on page 5Shareholders authorized a new Management Board Incentive Program, which includes the issuance of up to 66,000 new shares to align executive compensation with long-term growth.
See it on page 20Eligibility for the new incentive program requires board members to achieve year-over-year net profit growth and personally oversee the development of at least five unique, non-sequel game projects.
See it on page 24The Ordinary General Meeting, representing 74.54% of share capital, granted formal discharge to all members of the Management and Supervisory Boards for their 2023 performance.
See it on page 14To facilitate the new incentive program, the company excluded existing shareholders' pre-emptive rights for the issuance of the 66,000 new shares.
See it on page 21The Ordinary General Meeting of PlayWay S.A., held on June 20, 2024, formalized the company’s financial and operational performance for the 2023 fiscal year. Representing 74.54% of the share capital, shareholders ratified the 2023 activity reports and consolidated financial statements, which revealed a net profit of 106.7 million PLN and total assets valued at 534.9 million PLN. The meeting also confirmed the individual company net profit of 144 million PLN, leading to the authorization of a substantial dividend payment of 21.82 PLN per share. This dividend, totaling 144.01 million PLN, was sourced from both 2023 profits and retained earnings, with distribution scheduled for July 2024.
Operational governance was a primary focus, as shareholders unanimously granted discharge to all members of the Management and Supervisory Boards for their performance during the 2023 period. This vote of confidence was accompanied by the approval of a new Management Board Incentive Program designed to align executive compensation with long-term growth and project diversification. To facilitate this program, the company authorized a share capital increase through the issuance of up to 66,000 new shares.
Eligibility for the incentive program is contingent upon rigorous performance metrics, emphasizing both financial growth and creative output. Management Board members must maintain continuous service, ensure the company achieves a net profit exceeding the previous year’s results, and personally oversee the development of at least five unique, non-sequel game projects. By excluding existing shareholders' pre-emptive rights for these specific issuances, the company has streamlined the mechanism for rewarding leadership based on the successful expansion of its gaming portfolio and sustained profitability within the global market.
