May 11, 2018 / 6:36 AM / 3 months ago

BRIEF-Playway To Buy 44% Stake In Baked Games For 199,000 Zlotys

May 11 (Reuters) - PLAYWAY SA:

* SAID ON THURSDAY THAT IT SIGNED INVESTMENT AGREEMENT WITH PRZEMYSLAW BIENIEK (PARTNER 1), KRZYSZTOF WOLSKI (PARTNER 2) AND JAKUB TRZEBINSKI (PARTNER 3)

* UNDER AGREEMENT PLAYWAY WILL BUY NEW SHARES IN INCREASED SHARE CAPITAL OF BAKED GAMES SP. Z O.O. FOR TOTAL AMOUNT OF 199,000 ZLOTYS

* AFTER CAPITAL INCREASE PLAYWAY WILL HOLD 44% STAKE IN BAKED GAMES, PARTNER 1 AND 2 WILL HOLD 27.5% STAKE EACH AND PARTNER 3 WILL HOLD 1% STAKE

* MAIN ACTIVITY OF BAKED GAMES IS PRODUCTION OF GAMES INCLUDING PRODUCTION UNDER WORKING TITLE ‘PRISON SIMULATOR’ FOR PC PLATFORM

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Further company coverage: (Gdynia Newsroom)

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