Subject: Conclusion of an addendum to the letter of intent
Legal basis: Article 17 (1) MAR – confidential information.
The Management Board of ManyDev Studio SE (hereinafter referred to as the “Company”), hereby informs that today, i.e. July 17, 2023. The Issuer became aware of the signing of an addendum to the Letter of Intent, which the Company announced in current report No. 12/2023 dated June 7, 2023, between shareholders: PlayWay S.A., based in Warsaw (holding 6,899,999 series I shares representing 30.53% of the Company’s share capital), Capeman Investments LTD, based in Nicosia (holding 7,278,900 series H shares representing 32.21% of the Company’s share capital), Marek Parzynski (holding 735,000 series H shares representing 3.25% of the Company’s share capital) and Bartosz Gras (holding 735,000 series H shares representing 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 an addendum to the Letter of Intent, the Parties have unanimously agreed to extend the deadline for concluding share purchase agreements until July 31, 2023.
The Letter of Intent does not entail an obligation on the part of the Parties to conclude a sales agreement, does not constitute a preliminary agreement or a binding offer, and therefore, does not provide a basis for either Party to assert any claims arising from the conclusion of the Letter of Intent. Notwithstanding the foregoing, the Parties have agreed to use their best efforts and will cooperate in good faith to conclude the 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 expertise and experience in handling matters related to the new business profile.