Current Report no. 41/22 – Ten Square Games – one of the biggest mobile games development companies in Poland

Reports.

Current

Current Report no. 41/22 .

6 September 2022

Legal basis:

Article 56 (1) (2) of the Public Offer of Financial Instruments Act – current and regular information

 

Report contents:

The Management Board of Ten Square Games S.A. sated in Wrocław (“The Company”) informs that on September 5th, 2022, the Company received a decision from the District Court for Wrocław-Fabryczna in Wrocław, VI Commercial Division of the National Court Register on the registration of amendments to the Articles of Association adopted by the Company’s Management Board on June 13th, 2022 in the matter of increasing share capital as a part of target capital, which was set by the Management Board’s resolution dated July 21st, 2022.

The changes were registered by the court on September 2nd, 2022.

The Company’s share capital was increased by 3309.90 PLN (in words: three thousand and nine zloty and ninety groszy), and after registration, the share capital amounts to 733,482.20 PLN (seven hundred thirty-three thousand four-hundred eighty-two zloty and twenty groszy) divided into:

  1. 7,225,000 (seven million two hundred and twenty-five thousand) ordinary A series bearer shares with a nominal value of 0.10 PLN (ten groszy) each allowing 7,225,000 (seven million two-hundred twenty-five thousand) votes at the General Shareholders’ Meeting ;
  2. 76,783 (seventy-six thousand seven hundred eighty-three) ordinary series B bearer shares with a nominal value of PLN 0.10 (ten groszy) each allowing 76,783 (seventy-six thousand seven hundred eighty-three) votes at the General Shareholders’ Meeting;
  3. 33,039 (thirty-three thousand thirty-nine) ordinary series C bearer shares with a nominal value of PLN 0.10 (ten groszy) each allowing 33,039 (thirty-three thousand thirty-nine) votes at the General Shareholders’ Meeting.

 

The overall number of target capital to be claimed: 9,202.80 PLN (nine thousand two hundred two zloty and eighty groszy).

Increasing the share capital is related to realizing the motivational program for 2021-2022 based on the resolution of the General Shareholders’ Meeting. The increase is related to the first period of the motivational program being in force, that is, the period from January 1st, 2021, to December 31st, 2021. The shares were taken up by persons deemed to be key contributors to the issuer’s capital group’s functioning. The shares are not in document form and shall be registered in the Central Securities Depository of Poland and shall be a subject of an application for admission and introduction to trading on a regulated market operated by Giełda Papierów Wartościowych S.A.

The contents of the changed  §6 of the Articles of Association read as follows:

§6

The share capital of the Company amounts to PLN 733,482.20 in (words: seven hundred and thirty-three thousand four hundred and eighty-two zloty and twenty groszy) and is divided into:

  • 7,225,000 (seven million two hundred and twenty-five thousand) ordinary A series bearer shares with a nominal value of 0.10 PLN (ten groszy) each;
  • 76,783 (seventy-six thousand seven hundred eighty-three) ordinary series B bearer shares with a nominal value of PLN 0.10 (ten groszy) each.
  • 33,039 (thirty-three thousand thirty-nine) ordinary series C bearer shares with a nominal value of PLN 0.10 (ten groszy) each.

The Company’s Management Board hereby publishes the consolidated text of the Articles of Association as attached: TSG Articles of Association after capital increase July 2022