PlayWay

Game Co.

375 documents

Documents

Raport bieżący nr 2/2021

The Management Board of PlayWay S.A. established the official schedule for the publication of periodic financial results throughout the 2021 calendar year. This schedule fulfills regulatory requirements for public companies listed on the Polish stock exchange, ensuring transparency regarding the timing of financial disclosures for investors and regulatory bodies. The scope of these disclosures covers the company’s performance for the 2020 fiscal year and the first three quarters of 2021, encompassing both standalone and consolidated financial data. The reporting cycle began with the release of the individual and consolidated annual reports for 2020 on April 30, 2021. Subsequent interim disclosures for the 2021 fiscal year were scheduled as follows: the consolidated first-quarter report on May 28, the consolidated semi-annual report on August 27, and the consolidated third-quarter report on November 29. These dates represent the final deadlines by which the company committed to making its financial health and operational progress public. In accordance with specific provisions of the Regulation of the Minister of Finance, the company opted to streamline its reporting process. Specifically, PlayWay S.A. exercised its right to omit the publication of quarterly reports for the fourth quarter of 2020 and the second quarter of 2021. Furthermore, the company integrated its condensed individual financial statements into its consolidated quarterly and semi-annual reports, thereby eliminating the need to issue separate standalone documents for those periods. This administrative approach aligns with standard market practices for listed issuers in the Polish gaming sector, focusing on consolidated group performance while maintaining compliance with national transparency laws.

investment game-publishing poland

PlayWayJan 2021

Legal

Raport Bieżący ESPI Nr 20/2021: Popremierowy Raport Sprzedażowy Bum Simulator

PlayWay S.A. released post-launch performance data for Bum Simulator following its Early Access debut on the Steam platform on August 26, 2021. Developed and published through Ragged Games S.A., in which PlayWay holds a 70% stake, the title represents a strategic entry into the simulation genre. Financial disclosures indicate that the total investment for development, testing, localization, and marketing remained below 1 million PLN. Within the first few days of release, sales revenue reached approximately 50% of these total production costs, signaling a rapid initial recoupment phase. Market reception was characterized by a peak position of seventh on the Steam Global Bestsellers list. Quantitative data shows 19,000 units sold on PC, supported by a high player approval rating of 89% based on 315 reviews. The title maintained a strong outstanding wishlist of 218,000 entries, with 10,000 units sold directly from wishlist conversions. While gross sales figures are primary, the data accounts for 2,000 refunds, adhering to the platform’s standard 14-day return policy. The geographic distribution of sales reflects a broad international appeal, led by Germany and the United States at 15% each, followed by Russia at 13% and China at 12%. Other notable markets include Argentina, Poland, and France. Looking forward, the growth strategy involves leveraging the PlayWay capital group to develop ports for consoles, Nintendo Switch, and virtual reality platforms to expand the game's reach beyond its initial PC audience.

game-publishing marketing investment+4

PlayWayJan 2021

Legal

Raport Bieżący Nr 55/2020: Zawiązanie Spółki Good Luck Games S.A.

PlayWay S.A. expanded its corporate structure on December 23, 2020, through the formal incorporation of a new subsidiary, Good Luck Games S.A., based in Warsaw. This strategic move establishes a dedicated entity focused specifically on the production and publishing of video games within the animal simulator genre. The formation of this company aligns with the broader industry trend of diversifying portfolios through specialized development houses that target niche but popular simulation markets. The financial structure of the new entity consists of a share capital of 200,000 PLN, which is divided into 2,000,000 series A ordinary bearer shares with a nominal value of 0.10 PLN per share. PlayWay S.A. maintains a significant minority stake in the venture, having acquired 550,000 shares for a total contribution of 55,000 PLN. This investment grants PlayWay S.A. a 27.50% ownership interest in the share capital of Good Luck Games. The remaining 72.50% of the company, representing 1,450,000 shares, is held by other entities and developers who contributed a total of 145,000 PLN. This collaborative ownership model suggests a partnership between the primary publisher and independent creators to foster specialized game development. The establishment of Good Luck Games was conducted under the legal framework of the Market Abuse Regulation, specifically regarding the disclosure of inside information, and reflects PlayWay’s ongoing strategy of incubating multiple development teams to scale its output in the global gaming market.

mergers-acquisitions game-publishing poland

PlayWayDec 2020

Legal

Rejestracja połączenia spółki zależnej

PlayWay S.A. has formally announced the legal registration of a merger involving its subsidiary, 3R Studio Mobile sp. z o.o., and the acquiring entity, Hubstyle S.A. The transaction was officially recorded on December 18, 2020, by the District Court for the Capital City of Warsaw. This corporate restructuring was executed under the Polish Commercial Companies Code through a merger by acquisition, resulting in the transfer of all assets from the subsidiary to the acquiring company via universal succession. As a direct consequence of this consolidation, Hubstyle S.A. increased its share capital through the issuance of new shares. These shares were distributed to the shareholders of the acquired subsidiary, including PlayWay S.A., in exchange for their existing holdings. This strategic move effectively transitions PlayWay’s interest in 3R Studio Mobile into a stake within the newly expanded capital structure of Hubstyle S.A. The scope of this action is centered on the Polish domestic market and pertains specifically to the corporate governance and capital structure of entities within the PlayWay capital group. By finalizing this registration, the companies have completed the legal requirements necessary to integrate their operations and financial reporting. This disclosure serves to update stakeholders on the finalization of the merger process previously initiated earlier in the month, ensuring transparency regarding the issuer's subsidiary portfolio and asset distribution.

mergers-acquisitions game-publishing poland

PlayWayDec 2020

Legal

Raport Bieżący Nr 53/2020: Zawiązanie Spółki Shift Games

PlayWay S.A. announced the establishment of a new subsidiary, Shift Games Spółka Akcyjna, headquartered in Warsaw, on December 18, 2020. This strategic move expands the PlayWay Group’s portfolio through a collaborative corporate structure involving both internal management and external developers. The newly formed entity launched with a share capital of 102,000 PLN, divided into 1,020,000 shares with a nominal value of 0.10 PLN each. The ownership structure positions PlayWay S.A. as the majority shareholder, holding 700,000 Series A shares, which represents 68.63% of the company’s share capital. Other entities, including game developers, hold 300,000 Series A shares, accounting for 29.41% of the equity. An external investor contributed 400,000 PLN for 20,000 Series B shares, representing a 1.96% stake but indicating a significantly higher valuation per share for the Series B round compared to the initial nominal value. Shift Games begins operations with an existing pipeline of intellectual property. The founders have contributed the title Revolution: Path of a Weaponsmith, which is currently in production, along with two additional projects in the pre-production phase. This formation follows PlayWay’s established business model of creating specialized satellite studios to diversify its development capabilities and manage specific game titles under dedicated management teams. Future plans for the subsidiary include the imminent presentation of additional titles beyond the initial three projects identified at the time of incorporation.

mergers-acquisitions investment game-publishing+1

PlayWayDec 2020

Legal

Raport Bieżący Nr 5/2020

PCF Group S.A., a prominent Polish video game developer known for its People Can Fly studio, officially transitioned to a publicly traded entity on the Warsaw Stock Exchange in December 2020. This regulatory announcement details the formal introduction of the company’s securities to the main market, marking a significant milestone in its corporate financing and expansion strategy. The action follows the approval of resolutions by the Management Board of the Warsaw Stock Exchange, which facilitated the commencement of trading for both existing shares and rights to new shares. The scope of the market entry includes 27,500,000 Series A ordinary bearer shares, each carrying a nominal value of 0.02 PLN. These shares were assigned the ISIN code PLPCFGR00010 and began trading under the short name PCFGROUP with the ticker PCF. Additionally, the company introduced 2,062,512 rights to Series B ordinary bearer shares, also valued at 0.02 PLN each. These rights were designated with the ISIN code PLPCFGR00036 and traded under the ticker PCFA. Both classes of securities were admitted to the continuous trading system on the regulated primary market. The first day of trading for these securities was established as December 18, 2020. This move provided the developer with direct access to public capital markets in Poland, reflecting the broader trend of major game studios seeking institutional and retail investment to fund large-scale AAA project development. The legal basis for this disclosure rests on Polish financial regulations regarding current and periodic information provided by securities issuers, ensuring transparency for investors during the initial public offering process.

investment ipo europe+2

PCF GroupDec 2020

Legal

Raport Bieżący Nr 2/2020

PCF Group S.A., a prominent Polish game development studio known for its People Can Fly brand, finalized critical regulatory steps for its transition to a publicly traded entity on the Warsaw Stock Exchange in December 2020. The primary objective of these actions was the formal registration of company shares and share rights within the National Depository for Securities (KDPW). This process is a fundamental requirement for the dematerialization of securities, enabling them to be traded on a regulated market. The registration involved several distinct tranches of securities. Initially, KDPW registered 2,062,512 Series A ordinary bearer shares with a nominal value of 0.02 PLN each under the ISIN code PLPCFGR00010, effective December 11, 2020. Subsequently, the depository issued a conditional registration for an additional 25,437,488 Series A shares and 2,062,512 rights to Series B ordinary bearer shares. These conditional registrations were predicated on the formal admission of these securities to trading on the regulated market. These administrative milestones occurred during a pivotal period for the Polish gaming industry, as PCF Group sought to capitalize on investor interest through its initial public offering. By securing these registrations, the company ensured the necessary technical and legal infrastructure was in place for its market debut. The scope of these activities was limited to the Polish capital market regulatory framework, specifically adhering to the requirements set forth by the Ministry of Finance regarding current and periodic information provided by issuers of securities. This formalization allowed for the eventual conversion of share rights into final shares following the completion of the offering process.

investment ipo europe+1

PCF GroupDec 2020

Legal

Raport Bieżący Nr 52/2020

The establishment of RL9sport Games S.A. on December 15, 2020, marks a strategic partnership between PlayWay S.A., professional footballer Robert Lewandowski, and veteran developer Rafał Cymerman. This joint venture focuses exclusively on the development, marketing, and global distribution of the title Football Coach the Game. The project is designed for a multi-platform release, targeting PC, consoles, and mobile devices to maximize market reach within the sports management simulation genre. The ownership structure reflects a specialized division of labor and resource allocation. PlayWay S.A. holds a 50% stake in the new entity, contributing its institutional expertise in marketing and sales infrastructure. Rafał Cymerman, holding a 30% share, is responsible for assembling the production team and overseeing the entire development lifecycle. His contribution is rooted in the technical know-how and community engagement strategies derived from his previous experience with Liga Polska Manager 95. Robert Lewandowski holds the remaining 20% of the shares and is tasked with providing direct consultancy and support to the project team throughout the development process. This collaboration combines PlayWay’s publishing power with the technical legacy of Polish sports management gaming and the global brand equity of a high-profile professional athlete. By integrating specialized development experience with high-level industry marketing and professional football insights, the venture aims to establish a competitive presence in the sports simulation segment. The formation of the company under Polish commercial law serves as the formal foundation for the production and commercialization phases of the upcoming title.

mergers-acquisitions investment game-development+1

PlayWayDec 2020

Legal

Raport Bieżący Nr 51/2020: Podjęcie Uchwały o Połączeniu Spółki Zależnej

The management board of PlayWay S.A. announced a formal resolution regarding the structural reorganization of its subsidiary, 3R Studio Mobile sp. z o.o., based in Poznań. On December 8, 2020, the Extraordinary General Meeting of Shareholders of the subsidiary approved a merger with Hubstyle S.A., a Warsaw-based entity. This strategic move follows preliminary intentions disclosed earlier in the year and represents a significant consolidation of assets within the Polish gaming and technology sector. The transaction is executed through a merger by acquisition under the Polish Commercial Companies Code. This process involves the transfer of all assets from 3R Studio Mobile to Hubstyle S.A. via universal succession. In exchange for these assets, Hubstyle S.A. will issue new shares to the existing shareholders of the acquired company, including PlayWay S.A. Consequently, the acquiring company will undergo a share capital increase to accommodate the issuance of these new securities to the outgoing subsidiary's stakeholders. This corporate action falls under the regulatory scope of the Market Abuse Regulation concerning inside information. The merger signifies a shift in PlayWay’s investment portfolio, transitioning from direct ownership in a limited liability subsidiary to a shareholding position in a larger joint-stock entity. The scope of the announcement is limited to the legal and structural execution of the merger within the Polish jurisdiction, marking a definitive step in the integration of these specific industry players during the late 2020 period.

mergers-acquisitions investment poland

PlayWayDec 2020

Legal

Raport Bieżący Nr 47/2020

The Extraordinary General Meeting of PlayWay S.A., a prominent Polish video game developer and publisher, convened on November 27, 2020, to formalize the leadership structure for the company’s upcoming term. The primary outcome of this session was the reappointment of the existing executive leadership team to their respective roles. Krzysztof Kostowski was reappointed as the President of the Management Board, while Jakub Trzebiński was confirmed to continue his tenure as the Vice President of the Management Board. This corporate action ensures management continuity for the Warsaw-based company, which operates as a major hub for numerous development studios. The reappointments were made in accordance with Polish financial regulations regarding current and periodic information provided by issuers of securities. The legal framework governing these appointments includes the Act on Public Offering and the specific regulations of the Minister of Finance concerning disclosure requirements for listed entities. The leadership confirmation includes formal declarations regarding the professional standing of both executives. Neither Krzysztof Kostowski nor Jakub Trzebiński are engaged in activities competitive to PlayWay S.A. outside of the enterprise, nor do they hold interests or positions in competing legal entities as partners or board members. Furthermore, both individuals have been verified against the Register of Insolvent Debtors maintained under the National Court Register Act, with no records found. This administrative step reinforces the stability of the executive board as the company continues its operations within the global gaming market.

employment investment game-publishing+1

PlayWayNov 2020

Legal

Zyciorysy Czlonkow Zarzadu PlayWay S.A.

The leadership structure of PlayWay SA is defined by a management team with extensive experience in game development, distribution, and media relations within the Polish and global markets. Krzysztof Kostowski, the company’s President, has been a central figure in the industry for over twenty-five years. After establishing Play sp. z o.o. as a leading Polish game distributor between 2002 and 2011, he founded PlayWay SA to focus on high-quality production and the incubation of innovative development teams. Kostowski is credited with the conceptualization of the company’s most successful franchises, including Car Mechanic Simulator and House Flipper, and currently oversees a massive corporate ecosystem comprising over seventy subsidiary companies and multiple internal development teams. Supporting the executive leadership is Jakub Trzebiński, who has served as Vice President since 2016 and holds the dual roles of Chief Operating Officer and Chief Marketing Officer. Trzebiński’s background is rooted in marketing, public relations, and specialized journalism, having previously written for prominent industry publications such as CD-Action and Polygamia.pl. His responsibilities within the organization involve managing global brand integrations for major titles like Farm Expert, supervising production cycles, and identifying new development talent. Furthermore, his influence extends across the broader Polish gaming sector through past supervisory roles at Ultimate Games SA and Movie Games SA. Together, these executives manage a business model centered on rapid incubation and global scaling. The leadership’s methodology emphasizes a hands-on approach to the entire production pipeline, from initial game concepts and team assembly to international publishing. By 2020, this strategic direction solidified PlayWay’s position as a dominant force in the simulation genre and a prolific incubator for small to medium-sized development studios.

game-development marketing poland

PlayWayNov 2020

Legal

Resolution No. 1 of the Extraordinary General Meeting of PlayWay S.A. (27 November 2020)

The Extraordinary General Meeting of PlayWay S.A., held on November 27, 2020, in Warsaw, resulted in the adoption of eight key resolutions governing the company’s corporate structure and asset management. The meeting saw high shareholder engagement, with participating shares representing approximately 84.6% of the total share capital. Beyond procedural appointments, the primary focus of the assembly was the strategic reorganization of specific intellectual property assets and the renewal of the company’s leadership mandates. A significant outcome of the meeting was the authorization to transfer organized parts of the enterprise to third-party entities. Resolution 4 approved the transfer of assets related to the mobile version of Car Mechanic Simulator 18 to Digital Melody Games. This transfer includes source code, intellectual property rights, and associated financial receivables. Resolution 5 granted the Management Board broad authority to transfer assets related to the Farm Manager franchise, specifically Farm Manager 2018 and the then-upcoming Farm Manager 2021. This authorization allows the board to negotiate terms, select third-party recipients, and potentially utilize these assets as non-cash contributions to other commercial companies. The assembly also addressed executive governance by reappointing the core leadership team for a new term. Krzysztof Kostowski was unanimously confirmed as President of the Management Board, and Jakub Władysław Trzebiński was reappointed as Vice President. Additionally, the Supervisory Board was expanded or amended through the appointment of Lech Klimkowski, a candidate proposed by shareholder ACRX Investments Limited. These resolutions ensure continuity in PlayWay’s management while facilitating the legal separation of specific game development projects into distinct corporate structures.

game-publishing poland

PlayWayNov 2020