PlayWay

Game Co.

375 documents

Documents

Raport Bieżący Nr 12/2019

The management board of PlayWay S.A. announced a formal resolution passed on February 21, 2019, regarding a capital increase for its subsidiary, Atomic Jelly Sp. z o.o., based in Poznań. The Extraordinary General Meeting of Shareholders approved raising the share capital from 200,000 PLN to 258,250 PLN. This expansion was facilitated through the issuance of 233 new shares, which were acquired by a new legal entity for a total investment of 2.56 million PLN. Following the formal registration of this capital increase in the National Court Register, PlayWay S.A. maintains a majority stake of 50.34% in Atomic Jelly. This financial restructuring serves to strengthen the subsidiary's capital base as it executes its development pipeline. At the time of the announcement, Atomic Jelly was engaged in the pre-production phase of seven distinct titles for the PC platform. The company’s strategic approach involves evaluating the sales potential of these various concepts during the pre-production stage to determine which projects will receive full production resources. This corporate action reflects the broader investment strategy within the Polish game development sector during early 2019, specifically focusing on the PC gaming segment. The transaction highlights the valuation of specialized development studios and the methodology of using market potential research to guide production decisions. The disclosure was made in compliance with market abuse regulations regarding the release of inside information by publicly traded entities on the Warsaw Stock Exchange.

investment mergers-acquisitions europe+1

PlayWayFeb 2019

Legal

Raport Bieżący Nr 11/2019

Madmind Studio maintains a stable financial position characterized by a complete lack of debt and sufficient revenue streams to self-fund two upcoming productions while continuing technical support for existing titles. As of early February 2019, the studio’s flagship title, Agony, along with its Unrated version, achieved combined sales exceeding 90,000 units on PC. Console sales surpassed 60,000 units, though this figure is considered conservative due to reporting delays from platform holders. The studio anticipates that upcoming sale cycles will further strengthen its capital reserves. The reception of Agony Unrated reflects a successful pivot in product quality, earning a 77% positive rating from players and indicating that the studio effectively addressed technical and gameplay issues present in the original release. This improved sentiment provides a foundation for the studio’s future pipeline, which includes the announced titles Paranoid and Succubus. Both games have garnered significant interest from media and players, with wishlist growth trends suggesting a level of market anticipation comparable to the period preceding the launch of Agony. Across its entire portfolio, the studio has accumulated over 250,000 total wishlist entries. Management expects that the launch of dedicated marketing campaigns for the new titles will capitalize on this existing interest. The data, disclosed by parent company PlayWay S.A., focuses on the Bydgoszcz-based subsidiary’s performance and strategic outlook within the global PC and console gaming markets. This assessment serves to clarify the studio's operational health and commercial viability following its initial major release.

market-analysis pc console+2

PlayWayFeb 2019

Legal

Raport bieżący nr 9/2019

The disclosure details the concentration of voting power during the Extraordinary General Meeting of PlayWay S.A., held on January 24, 2019, in Warsaw. This regulatory filing identifies shareholders who controlled at least 5% of the votes during the session, providing a snapshot of the company’s governance structure and shareholder participation at that specific point in time. The scope is limited to the internal corporate actions of the Polish game developer and publisher, specifically focusing on the exercise of voting rights by major stakeholders. Krzysztof Kostowski, the President of the Management Board, emerged as the dominant participant in the proceedings. He held 2,700,000 votes, which accounted for 98.59% of the total votes represented at the Extraordinary General Meeting. This figure represents 40.91% of the company’s total overall voting power. The significant disparity between the percentage of votes at the meeting versus the total shares outstanding indicates a low level of participation from other minority shareholders or institutional investors during this specific assembly. The data confirms a high degree of centralized control within PlayWay S.A., as a single individual maintained nearly absolute authority over the resolutions passed during the January 2019 session. This information was released in accordance with Polish market regulations regarding public offerings and the conditions for introducing financial instruments into organized trading. The report serves as a formal record of shareholder attendance and the distribution of influence within the company’s executive decision-making process.

investment game-publishing europe+1

PlayWayJan 2019

Legal

Raport bieżący nr 10/2019: Terminy przekazywania raportów okresowych w 2019 roku

PlayWay S.A. has established its official schedule for the publication of periodic financial reports throughout the 2019 calendar year, adhering to Polish regulatory requirements for issuers of securities. The disclosure outlines specific deadlines for annual, semi-annual, and quarterly financial results to ensure transparency for investors and regulatory compliance with the Minister of Finance’s decree regarding current and periodic information. The reporting cycle begins with the release of both the standalone and consolidated annual reports for the 2018 fiscal year on April 26, 2019. Subsequent quarterly performance will be disclosed through consolidated reports, with the first quarter results scheduled for May 30, 2019, and the third quarter results set for November 29, 2019. The consolidated semi-annual report for the first half of 2019 is slated for publication on September 30, 2019. The management board has elected to utilize specific regulatory exemptions regarding the frequency and format of these filings. Specifically, the company will not publish separate quarterly reports for the fourth quarter of 2018 or the second quarter of 2019. Furthermore, PlayWay S.A. intends to streamline its reporting by including condensed standalone financial statements within its consolidated quarterly and semi-annual reports. This approach eliminates the need for the issuance of separate standalone documents for those specific periods, focusing instead on a consolidated view of the group’s financial health while meeting all legal obligations under the Act on Public Offering.

investment market-analysis europe+1

PlayWayJan 2019

Legal

Resolution No. 1/2/4/0/2019 of the Extraordinary General Meeting of PlayWay S.A.

These resolutions document the proceedings and outcomes of the Extraordinary General Meeting of PlayWay S.A., held on January 24, 2019, in Warsaw. The primary purpose of the meeting was to implement structural changes to the company’s Supervisory Board and establish the necessary parliamentary framework for the session. The meeting involved shareholders representing 2,738,657 shares, which accounted for 41.49% of the company’s total share capital. The assembly passed six distinct resolutions. Initial procedural actions included the unanimous election of Krzysztof Kostowski as Chairman of the Meeting and the appointment of Radosław Mrowiński and Mateusz Zawadzki to the Scrutiny and Resolutions Committee. Shareholders also voted to waive the secrecy of voting for the selection of the committee and formally adopted the meeting's agenda, which focused on Supervisory Board appointments. The most significant outcomes were the appointments of Aleksy Wiesław Uchański to the Supervisory Board and his subsequent elevation to the position of Chairman of the Supervisory Board. Both appointments were conducted via secret ballot. For the board membership, the resolution passed with 40.91% of the total share capital in favor, 0.47% against, and 0.11% abstaining. The resolution to appoint Uchański as Chairman saw similar support, with 40.91% in favor, 0.34% against, and 0.24% abstaining. All resolutions were enacted in accordance with the Polish Commercial Companies Code and the company’s statutes, taking effect immediately upon their adoption.

mergers-acquisitions investment europe+2

PlayWayJan 2019

Legal

Raport Bieżący Nr 7/2019

PlayWay S.A., a prominent Polish video game developer and publisher, announced significant leadership changes within its Supervisory Board following an Extraordinary General Meeting held on January 24, 2019. The primary development involved the resignation of Radosław Mrowiński from his position as Chairman of the Supervisory Board. To fill this vacancy, the assembly passed resolutions appointing Aleksy Uchański to the board and designating him as the new Chairman. The appointment brings extensive industry expertise to the company’s oversight body. Aleksy Uchański possesses a career spanning nearly three decades in the Polish gaming and digital media sectors, beginning as a journalist for influential publications such as Top Secret and Gambler. His professional background includes high-level executive roles at Ringier Axel Springer Polska, where he served as Chief Digital Officer and oversaw major gaming brands like Komputer Świat GRY and PLAY. Furthermore, his experience extends to game production and distribution through the Dobra GRA series and leadership roles at Movie Games S.A., a company within the broader PlayWay ecosystem. This transition reflects a strategic reinforcement of the board with a veteran who has held leadership positions in the Association of Producers and Distributors of Entertainment Software (SPIDOR) and IAB Poland. The formal declaration confirms that the new Chairman does not engage in activities competitive with PlayWay S.A. and is not listed in the Register of Insolvent Debtors. This corporate governance update was issued in compliance with Polish transparency regulations for publicly traded companies on the Warsaw Stock Exchange.

mergers-acquisitions europe employment+1

PlayWayJan 2019

Legal

Raport Bieżący Nr 6/2019

The management of PlayWay S.A. announced a significant restructuring of the share capital within its subsidiary, Baked Games Sp. z o.o., based in Czeladź. Following an Extraordinary General Meeting of Shareholders held on January 18, 2019, a resolution was passed to increase the share capital of the development studio from 100,000 PLN to 211,200 PLN. This expansion was achieved through the issuance of 1,112 new shares, which were collectively acquired by PlayWay S.A., three individual developers, and a new external partner for a total investment value of 352,000 PLN. The resulting ownership structure following the registration of this capital increase in the National Court Register establishes a diversified stakeholder base. PlayWay S.A. maintains a substantial position with 41.67% of the shares, while the group of individual developers holds a majority stake of 53.03%. The remaining 5.30% is held by the newly introduced partner. This financial maneuver serves to solidify the capital base of the studio, which is primarily recognized for the development of the title Prison Simulator. This corporate action, disclosed under market abuse regulations regarding inside information, reflects the ongoing strategic investment activities within the Polish game development sector during early 2019. By reconfiguring the equity distribution and injecting fresh capital, the move aligns the interests of the parent company, the creative leadership, and external investors to support the studio's production pipeline and operational stability.

investment mergers-acquisitions market-analysis+2

PlayWayJan 2019

Legal

Raport Bieżący Nr 5/2019

PlayWay S.A. has formally expanded its corporate structure through a significant capital increase in Gameboom VR, a Warsaw-based subsidiary. Following an extraordinary general meeting held on January 18, 2019, the share capital of Gameboom VR was raised from 5,000 PLN to 100,000 PLN. This financial restructuring was achieved through the issuance of 900 new shares, which were collectively acquired by PlayWay S.A. and four individual developers for a total investment of 95,000 PLN. The resulting ownership structure grants PlayWay S.A. a controlling 69% stake in the entity, while the remaining 31% is held by the participating developers. This strategic move solidifies the subsidiary's position within the broader capital group and establishes a clear governance framework pending the official registration of the capital increase in the National Court Register. The primary operational objective for Gameboom VR involves the technical adaptation and porting of existing titles from the PlayWay S.A. portfolio to virtual reality platforms. By dedicating a specific entity to VR development, the group aims to leverage its established intellectual property across emerging hardware segments. This corporate action, disclosed under market abuse regulations regarding inside information, reflects a targeted effort to scale development capabilities within the Polish gaming sector during the first quarter of 2019.

investment mergers-acquisitions market-analysis+2

PlayWayJan 2019

Legal

Raport Bieżący Nr 4/2019: Zawiązanie Spółki FreeMind S.A.

PlayWay S.A. expanded its corporate structure through the establishment of a new joint-stock company, FreeMind S.A., headquartered in Krakow, Poland. This strategic formation, finalized on January 11, 2019, represents a partnership between the parent corporation and a private individual to broaden the group’s development capabilities. The initial share capital of the new entity is set at 100,000 PLN, divided into 1,000,000 shares with a nominal value of 0.10 PLN per share. The ownership structure grants PlayWay S.A. a controlling interest of 70% through the acquisition of 700,000 shares for a total cash contribution of 300,000 PLN. The remaining 30% stake, consisting of 300,000 shares, was acquired by the individual partner for a cash contribution of 30,000 PLN. This financial arrangement indicates a premium paid by the majority shareholder relative to the nominal value, likely to provide the subsidiary with immediate working capital for its upcoming production cycle. FreeMind S.A. is positioned primarily as a PC game development studio. Its operational roadmap begins with the development of two specific titles, Farmer's Life and Russian Roads. This expansion aligns with the broader industry trend of diversifying production portfolios through specialized subsidiary studios. The establishment of this entity falls under the regulatory requirements for disclosing inside information, reflecting its significance to the parent company’s investment strategy and future production pipeline within the global gaming market.

mergers-acquisitions investment europe+2

PlayWayJan 2019

Legal

Raport Bieżący Nr 3/2019: Post-Premier Sales Update – House Flipper, CMS 18, Thief Simulator

PlayWay S.A. issued this regulatory update to clarify specific sales and marketing metrics regarding its primary software portfolio, specifically focusing on House Flipper, Car Mechanic Simulator 2018, and Thief Simulator. The primary objective is to refine the interpretation of Steam Wishlist data previously reported to investors, ensuring a precise distinction between cumulative interest and active pending demand. This clarification serves as a technical addendum to prior disclosures regarding the commercial performance and market reach of the company’s key intellectual properties. The data indicates a significant level of consumer engagement across the Steam platform as of December 31, 2018. While a previous figure suggested over 4 million players were associated with the company’s wishlists, this total represented a combination of historical additions for major titles and outstanding entries for the remainder of the catalog. To provide a more accurate representation of current market potential, the company specifies that the outstanding wishlist count—representing the total number of unique users still waiting to purchase games—exceeded 3.4 million players at the close of the 2018 calendar year. This disclosure focuses on the global PC gaming market via the Steam distribution platform, covering the performance of PlayWay’s most successful simulation titles. By distinguishing between total additions and outstanding wishlists, the management provides a clearer picture of the company’s conversion potential and the scale of its remaining audience. The report adheres to the regulatory requirements of the Market Abuse Regulation regarding the dissemination of inside information, reflecting the importance of wishlist metrics as a leading indicator of future revenue in the digital games industry.

market-analysis steam europe+1

PlayWayJan 2019

Legal

Raport bieżący nr 2/2019: Zawiązanie spółki Circle Games S.A.

PlayWay S.A. has formally established a new joint-stock subsidiary, Circle Games S.A., headquartered in Komarówka Podlaska. This strategic expansion, finalized on January 4, 2019, involves a partnership between the parent company and several private individuals. The newly formed entity is capitalized at 100,000 PLN, divided into one million shares with a nominal value of 0.10 PLN each. PlayWay maintains a controlling interest in the venture, holding 690,000 shares representing 69% of the total capital, while the remaining 31% is held by individual investors. The primary operational objective of Circle Games is to provide specialized porting services for titles within the PlayWay capital group portfolio. Specifically, the subsidiary will focus on adapting existing intellectual properties for virtual reality platforms and mobile devices. This move indicates a targeted effort to diversify the delivery methods of established franchises and tap into growing hardware segments beyond traditional PC gaming. The initial project pipeline for the new studio centers on the Cooking Simulator franchise. The first scheduled task is the development of Cooking Simulator VR, followed by a mobile adaptation of the same title. By leveraging existing assets for new platforms, the formation of Circle Games serves as a dedicated vehicle for extending the lifecycle and market reach of PlayWay’s core software library. This corporate action was disclosed in accordance with market abuse regulations regarding inside information.

mergers-acquisitions investment europe+1

PlayWayJan 2019

Legal

Projekty Uchwał Zwyczajnego Walnego Zgromadzenia PlayWay S.A.

The Management Board of PlayWay S.A., a prominent Polish game developer and publisher, issued a series of draft resolutions for its Ordinary General Meeting scheduled for June 25, 2019. The primary purpose of these resolutions is to formalize the company's corporate governance actions and financial approvals for the 2018 fiscal year. The scope of the documentation covers the individual and consolidated financial performance of the PlayWay Capital Group for the period from January 1, 2018, to December 31, 2018. Key financial data points include the approval of PlayWay S.A.’s individual financial statement, which reported a balance sheet total of 69.72 million PLN and a net profit of 16.37 million PLN. On a consolidated basis, the PlayWay Capital Group reported a significantly larger balance sheet total of 121.81 million PLN, with a net profit attributable to the company of 47.02 million PLN and a total comprehensive income of 54.73 million PLN. The group also saw an increase in equity by 43.44 million PLN and a cash flow increase of 22.43 million PLN during the period. A significant portion of the resolutions concerns the distribution of profit and dividend payments. The board proposed a total dividend payout of 16.43 million PLN, representing 2.49 PLN per share. This payout is comprised of the entire 2018 net profit of 16.37 million PLN supplemented by approximately 62,793 PLN transferred from the company's supplementary capital. Additional resolutions include the granting of discharge (absolutorium) to members of the Management Board, including Krzysztof Kostowski and Jakub Trzebiński, and members of the Supervisory Board for their performance in 2018. The methodology follows standard Polish Commercial Companies Code requirements for public joint-stock companies.

game-publishing europe mergers-acquisitions+1

PlayWayJan 2019