PlayWay

Game Co.

375 documents

Documents

Raport Bieżący Nr 29/2016

PlayWay S.A. has formalized a significant expansion of its development portfolio through the execution of an annex to a previous investment agreement and the subsequent acquisition of a majority stake in the Poznań-based studio Frozen District. This transaction, finalized in December 2016, involved an amendment to the original October 2016 agreement with founding partners Duszan Chaciej, Maksymilian Strzelecki, and Jakub Niewęgłowski. The primary purpose of the amendment was to extend the deadline for the investor to subscribe to shares in the newly formed entity’s increased share capital. Under the terms of the finalized agreement, PlayWay S.A. committed a cash contribution of 299,700 PLN to Frozen District. Upon the formal registration of this capital increase in the National Court Register, PlayWay S.A. secured an 81% controlling interest in the company. This strategic investment integrates Frozen District into the broader PlayWay ecosystem, establishing a clear ownership structure between the parent company and the individual founding partners. The primary operational focus for Frozen District following this acquisition is the development of Warlocks 2, a sequel to the existing title Warlocks vs Shadows. The project is slated for release on both PC and console platforms, signaling a multi-platform approach for the studio’s upcoming output. This move reflects a broader industry trend of established publishers securing majority stakes in independent development teams to stabilize production cycles and expand intellectual property catalogs. 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.

mergers-acquisitions investment europe

PlayWayDec 2016

Legal

Current Report No. 28/2016: Acquisition of Shares in Code Horizon Sp. z o.o.

PlayWay S.A. has finalized an investment agreement to acquire a majority stake in the Gliwice-based development studio Code Horizon Sp. z o.o. This transaction, executed on December 15, 2016, involved a cash contribution of 700,000 PLN toward an increase in the share capital of the target company. Upon the formal registration of this capital increase in the National Court Register, PlayWay S.A. will hold a 60% ownership interest in Code Horizon. The primary objective of this capital injection is to fund the production of a new PC title currently titled Gold Digger Simulator. Beyond original game development, the strategic partnership positions Code Horizon as a technical resource for the broader PlayWay capital group. The studio is tasked with developing console ports for various titles produced by PlayWay S.A. and its other subsidiaries, thereby expanding the group's multi-platform reach and technical capabilities. This acquisition reflects a specific expansion strategy within the Polish game development sector during late 2016. By integrating Code Horizon into its corporate structure, PlayWay S.A. secures both a new intellectual property prospect and dedicated internal resources for console porting. The transaction was disclosed in accordance with market abuse regulations regarding inside information, marking a formal step in the investment process initiated earlier that year.

europe game-publishing investment+2

PlayWayDec 2016

Legal

Current Report No. 26/2016: Acquisition of Shares in Rejected Games Sp. z o.o.

PlayWay S.A. has finalized an investment agreement to acquire a majority stake in the Katowice-based development studio Rejected Games. This transaction follows an initial investment agreement established in mid-November 2016 between the parent company and individual partners Maciej Latocha, Jacek Polaczek, and Łukasz Stąporek. By submitting formal declarations to join the company and subscribe to new shares, PlayWay has committed a cash contribution totaling 249,945 PLN. Upon the formal registration of the share capital increase in the National Court Register, PlayWay will hold a 57% controlling interest in Rejected Games. This strategic acquisition expands the parent company’s internal development portfolio within the Polish game industry. The primary objective of this capital injection is to provide the necessary funding for the production of the upcoming title Mr. Prepper, alongside other operational requirements of the studio. The transaction highlights a specific moment in the late 2016 expansion of the PlayWay ecosystem, focusing on the simulation and survival genre segments. This move aligns with the company's broader business model of investing in smaller, specialized development teams to diversify its product pipeline. The financial and structural details of the deal were disclosed in accordance with market abuse regulations regarding inside information for publicly traded entities in Poland.

europe investment mergers-acquisitions+1

PlayWayDec 2016

Legal

Current Report No. 27/2016: GameInn Programme Project Funding

PlayWay S.A. has secured significant public funding for a research and development project aimed at adapting its flagship title, Car Mechanic Simulator, for virtual reality platforms. This initiative is supported by the National Centre for Research and Development under the GAMEINN Sectoral Program, which is part of the Smart Growth Operational Programme 2014-2020. The project focuses on modifying the core mechanics and user interface of the existing game to function effectively within a VR environment, representing a strategic expansion into immersive technology segments. The total qualified cost for this technological adaptation is established at 1,083,796.72 PLN. The funding body approved the full requested subsidy amount of 650,278.03 PLN, covering a substantial portion of the development expenses. This financial support facilitates the technical transition of the simulation software, ensuring that the gameplay experience meets the specific hardware and interaction requirements of virtual reality systems. The development timeline for this project spans exactly two years, beginning on January 1, 2017, and concluding on January 1, 2019. This initiative reflects a broader trend within the Polish gaming industry to leverage European Union and national R&D funds to enhance technical capabilities and product reach. By securing these funds, the Warsaw-based company aims to strengthen its portfolio in the high-growth VR market while utilizing established intellectual property to mitigate development risks.

funding game-development poland+1

PlayWayDec 2016

Legal

Raport Bieżący Nr 25/2016: Zakończenie Kampanii Kickstarter dla Gry Agony

The successful conclusion of the Kickstarter crowdfunding campaign for the survival horror title Agony marks a significant financial milestone for PlayWay S.A. and its subsidiary, Madmind Studio. Running from October 31 to December 10, 2016, the campaign attracted 3,926 individual backers who contributed a total of $182,642. This funding exceeds the initial requirements for the project and demonstrates strong consumer interest in the title prior to its commercial release. After accounting for platform fees and campaign-related expenses, the net proceeds reaching the Bydgoszcz-based developer are estimated at approximately 500,000 PLN. These funds are specifically earmarked for the continued development and expansion of the game. A primary objective for the allocation of this capital is the integration of virtual reality support, alongside general enhancements to the core gameplay experience. The scope of this financial event is centered on the Polish development sector and the global crowdfunding market, reflecting the strategic use of international platforms to secure production capital. By leveraging the Kickstarter community, the company has secured non-dilutive funding that supports both the technical evolution of the product and its market positioning within the competitive horror genre. This capital injection ensures the studio can meet expanded development goals, particularly regarding high-end technology implementations like VR.

europe investment monetization+3

PlayWayDec 2016

Legal

Raport bieżący nr 24/2016: Zawarcie umowy inwestycyjnej

PlayWay S.A. has formalized a strategic investment agreement to establish and fund Movie Games S.A., a Warsaw-based developer focused on producing video games based on cinematic properties. This partnership involves three primary shareholders contributing a total of 1,718,182 PLN in capital. PlayWay holds a controlling 51% stake with a contribution of 927,273 PLN, while Income Capital Sp. z o.o. maintains a 44% share through a 700,000 PLN investment. The remaining 5% is held by Aleksy Uchański, who contributed 90,909 PLN and has been appointed as the President of the Management Board for the new entity. The primary objective of this capital injection is to finance the development of a PC title centered on the 303 Squadron, alongside the broader mission of adapting film productions into interactive media. This transaction, finalized in December 2016, represents a targeted expansion of PlayWay’s portfolio within the Polish gaming sector, specifically leveraging the expertise of specialized partners to bridge the gap between the film and gaming industries. The agreement outlines a clear governance structure and ownership distribution, ensuring PlayWay retains majority oversight while integrating external capital and leadership to drive the subsidiary's initial production slate.

europe funding game-publishing+2

PlayWayDec 2016

Legal

Raport Bieżący Nr 23/2016: Podsumowanie Kosztów Oferty Publicznej Akcji Spółki - Uzupełnienie Raportu Bieżącego Nr 10/2016

PlayWay S.A. finalized the accounting of costs associated with its public offering involving Series B, H, and I shares as of December 2016. This financial disclosure serves as a formal supplement to previous regulatory filings, detailing the specific expenditures incurred during the transition to a publicly traded entity on the Polish capital market. The figures represent the total financial burden of the issuance process, categorized by functional areas of expenditure. The total cost of the public offering reached 1,698,007.56 PLN. The largest single expense category was the preparation of the prospectus and related advisory services, which totaled 918,256.91 PLN. General costs for preparing and conducting the offer amounted to 671,097.18 PLN, while promotional activities accounted for 108,653.47 PLN. Notably, the company reported no costs related to underwriter remuneration. Based on the volume of the Series I ordinary bearer shares issued, the average cost per security unit was calculated at 2.83 PLN. From an accounting perspective, the entirety of these issuance costs was allocated to reduce the company's supplementary capital rather than being recorded as a direct operational expense. This reporting follows the legal requirements established by the Polish Act on Public Offerings and the Regulation of the Minister of Finance regarding current and periodic information provided by securities issuers. The data provides a transparent view of the capital requirements for a major game developer and publisher entering the public markets in the mid-2010s.

europe investment ipo+1

PlayWayDec 2016

Legal

Current Report No. 21/2016: Conclusion of Shareholder Agreement for Subsidiary

PlayWay S.A. has formalized a strategic shareholder agreement concerning its subsidiary, CreativeForge Games S.A. (CFG), involving Lark Investments Sp. z o.o. SKA and Łukasz Żarnowiecki. The primary objective of this agreement is to secure the financial and structural framework for the production of a new multi-platform computer game intended for PC, Xbox One, and PlayStation 4. This arrangement highlights the collaborative financing model common in the Polish game development sector, where parent companies and private investment vehicles share production risks and capital requirements. The financial commitment for the upcoming project is capped at 9 million PLN, provided in the form of loans issued in installments according to a set production schedule. PlayWay S.A. is responsible for 70% of the funding, while Lark Investments covers the remaining 30%. This capital injection ensures the subsidiary has the necessary liquidity to execute high-budget development cycles across multiple console and desktop platforms. The agreement also facilitates a significant shift in the ownership structure of CreativeForge Games. Through a concurrent share purchase agreement, PlayWay S.A. acquired 200,000 shares from Lark Investments. Following this transaction, PlayWay S.A. holds a dominant 73.75% stake in CFG, with Lark Investments retaining 15% and Łukasz Żarnowiecki holding 11.25%. Furthermore, the agreement includes a call option valid until December 31, 2017, allowing Lark Investments to repurchase or designate a third party to acquire up to 200,000 shares from PlayWay S.A. at a predetermined price. This structure provides flexibility for future equity adjustments while maintaining PlayWay’s consolidated control during the critical development phase of the new title.

europe game-publishing investment+2

PlayWayNov 2016

Legal

Current Report No. 20/2016: Conclusion of an Annex to the Distribution Agreement

PlayWay S.A. has expanded its strategic partnership with Koch Media GmbH through a formal amendment to their existing distribution agreement originally established in September 2014. This regulatory disclosure confirms that the Warsaw-based developer and publisher has granted the Austrian distributor exclusive rights to manage the physical retail distribution of five specific simulation titles. The agreement covers a global territory, specifically excluding the domestic and regional markets of Poland, the Czech Republic, Slovakia, and Hungary, where PlayWay likely maintains alternative distribution channels or direct control. The portfolio of games included in this licensing expansion focuses on the company’s 2017 simulation lineup, featuring Farm Expert 2017, Giant Machines 2017, Ships 2017, Robot Squad Simulator 2017, and Demolish & Build 2017. By leveraging Koch Media’s established logistics and retail network, PlayWay aims to maximize the international commercial reach of these titles within the boxed software segment. This move underscores a continued reliance on traditional retail partnerships to complement digital sales strategies during the 2016-2017 fiscal period. The conclusion of this annex represents a significant operational step in securing the physical presence of PlayWay’s intellectual property in major international markets. The disclosure, filed under market abuse regulations regarding inside information, highlights the importance of these distribution rights to the company’s revenue projections and market penetration strategy for its simulation franchise. This arrangement ensures that the specified titles receive professional physical placement across global storefronts outside of the designated Eastern European exclusions.

europe game-publishing market-analysis+2

PlayWayNov 2016

Legal

Current Report No. 19/2016: KDPW Operational Announcement on Securities Registration

Current Report No. 19/2016 details the formal registration of securities for PlayWay S.A., a prominent Polish game developer and publisher. Issued on November 18, 2016, the announcement confirms that the National Depository for Securities (KDPW) finalized the registration process for 600,000 Series I shares. These securities were assigned the International Securities Identification Number PLPLAYW00015, marking a significant step in the company’s capital structure management and its presence on the public market. The registration was executed in accordance with Resolution No. 747/16 of the KDPW Management Board, dated November 14, 2016. The effective date for the registration of these shares within the depository system was set for November 22, 2016. This action follows previous regulatory filings, specifically referencing a prior report from November 15, 2016, and adheres to the legal requirements established by the Polish Ministry of Finance regarding current and periodic information for issuers of securities. This administrative milestone focuses specifically on the Polish capital market and the domestic gaming industry segment during the fourth quarter of 2016. By securing the registration of these 600,000 shares, the company ensured compliance with the technical and legal frameworks necessary for the circulation of its equity. The notification serves as a formal verification of the company's expanding share base and its adherence to the transparency standards required of entities listed on the Warsaw Stock Exchange.

europe investment market-analysis+1

PlayWayNov 2016

Legal

Current Report No. 18/2016: Introduction to Trading of Series I Shares

PlayWay S.A. announced a significant transition in its public listing status on the Warsaw Stock Exchange following the receipt of formal resolutions from the exchange management board in November 2016. The primary objective of these administrative actions was to finalize the conversion of allotment certificates into ordinary shares, marking a key milestone in the company’s capital market presence. This process involved the termination of trading for rights to shares and the subsequent introduction of the underlying series I shares to the Main Market. The transition specifically concerned 600,000 series I ordinary bearer shares, each carrying a nominal value of 0.10 PLN. According to the established timeline, the final day of trading for the rights to these shares, previously identified by the National Depository for Securities (KDPW) under the code PLPLAYW00031, was set for November 21, 2016. This step cleared the way for the full integration of the series I shares into the parallel market. Effective November 22, 2016, the 600,000 series I shares were introduced to exchange trading under the standard procedure. This introduction was contingent upon the KDPW successfully registering the shares and updating their identification to the code PLPLAYW00015 on the same date. These actions were conducted in accordance with Polish financial regulations regarding current and periodic information provided by securities issuers, ensuring the company met all legal requirements for its continued listing on the Warsaw Stock Exchange.

europe investment ipo+2

PlayWayNov 2016

Legal

Raport Bieżący Nr 17/2016: Zawarcie Umowy Inwestycyjnej

PlayWay S.A. has formalized an investment agreement to acquire a majority stake in the Katowice-based development studio Rejected Games. This strategic move, finalized in November 2016, involves the investor providing a cash contribution of 249,945 PLN in exchange for newly issued shares. Following the capital increase, PlayWay holds a 57% controlling interest in the entity, while the remaining equity is distributed among three individual partners: Jacek Polaczek at 17%, and Maciej Latocha and Łukasz Stąporek at 13% each. The primary objective of this partnership is the development of the computer game titled Mr. Prepper. This investment aligns with the broader industry trend of major publishers securing intellectual property and creative talent through the formation of subsidiary studios. By establishing a controlling stake, the investor secures oversight of the project's lifecycle while providing the necessary financial backing to bring the title to market. This transaction represents a specific expansion of a Polish gaming portfolio during the fourth quarter of 2016. The disclosure follows standard regulatory requirements for public companies regarding confidential information and significant capital investments. The focus remains strictly on the PC gaming segment and the specific production of a single identified title, illustrating a targeted approach to studio incubation and project-based financing within the regional development ecosystem.

funding investment mergers-acquisitions+1

PlayWayNov 2016