31 January 2023
The Management Board of Ten Square Games S.A. with its registered office in Wrocław (“Company”, “Issuer”) informs that on January 31, 2023, the Company made a statement on acquiring 71 new shares in the share capital of Gamesture Sp. z o. o. with its registered office in Poznań (“Gamesture”) with a nominal value of PLN 50 (say: fifty zlotys) each and with a total nominal value of PLN 3,550 (say: three thousand five hundred and fifty zlotys) in exchange for a cash contribution of approximately USD 2,700,000.
The Company is the sole stakeholder of Gamesture, acquiring shares in the increased share capital of Gamesture.
The acquisition of new shares is related to the increase in the share capital of Gamesture, which is carried out on the basis of the resolution of the Extraordinary Meeting of Shareholders of Gamesture of January 31, 2023 on increasing the share capital of Gamesture from PLN 18,550 (say: eighteen thousand five hundred and fifty zlotys) to PLN 22 100 (say: twenty two thousand one hundred zlotys) by creating 71 new shares in the share capital of Gamesture with a nominal value of PLN 50 (say: fifty zlotys) each and with a total nominal value of PLN 3,550. Pursuant to the above resolution, the pre-emptive right to take up new shares by the remaining shareholders of Gamesture was excluded and appropriate changes were made to the shareholders’ agreement.
After the registration of the increase in the share capital of Gamesture by the dedicated registry court, the Company’s stake in the share capital of Gamesture will amount to 36.88%, which will correspond to 36.88% of votes at the shareholders’ meeting of Gamesture.
The increase in the share capital of Gamesture is taking place faster than provided for in the investment agreement concluded by the Company with the other shareholders of Gamesture in March 2022. Information on the conclusion of the investment and shareholder agreement with the existing shareholders of Gamesture was provided by the Issuer in the current report 19/2022 of March 11, 2022.