Subject: Signing the letter of intent
Legal basis: Article 17 par. 1 MRA – confidential information.
The Management Board of ManyDev Studio SE (hereinafter: the “Company”) hereby informs that today, i.e. on 7 June 2023, the Issuer was informed about the signing on 7 June 2023 of a Letter of Intent between the shareholders: PlayWay S.A. based in Warsaw (holding 6,899,999 series I shares constituting 30.53% of the Company’s share capital), Capeman Investments LTD based in Nicosia (holding 7,278,900 series H shares constituting 32.21% of the Company’s share capital), Marek Parzyński (holding 735,000 series H shares constituting 3.25% of the Company’s share capital) and Bartosz Graś (holding 735,000 series H shares constituting 3.25% of the Company’s share capital), and Investors: ASI Gaming Investment Group sp. z o.o. s.k.a. based in Katowice and Softix Technologies LLC based in Tbilisi.
As a result of signing the Letter of Intent, the Parties agreed that the Investors expressed their intention to repurchase H and I series shares held by them in the Company from PlayWay S.A., Capeman Investments Ltd, Bartosz Graś and Marek Parzyński. The parties declared that the sale of shares will take place after the analysis of the results of the Company’s legal and financial audit, if the Investors consider them satisfactory.
The letter of intent does not oblige the parties to conclude a sales contract, it does not constitute a preliminary contract or a binding offer, and therefore, it does not constitute a basis for any of the parties to pursue any claims arising from the conclusion of the letter of intent. Despite the above, the Parties have undertaken to make every effort and will cooperate in good faith to conclude share purchase agreements without undue delay. The parties signing the letter of intent declare their intention to appoint a new Supervisory Board, which will then appoint a new Management Board with knowledge and experience in handling matters related to the new business profile. In addition, the Parties declared that they would strive to conclude share purchase agreements by July 15, 2023.