Subject: Expiration of the letter of intent
Legal basis: Article 17 par. 1 MRA – confidential information.
With reference to current reports No. 12/2023 and 19/2023, the Management Board of ManyDev Studio SE (hereinafter referred to as: “Company”) hereby informs that yesterday, i.e. on August 1, 2023, the Issuer was informed about the expiry of the deadline to conclude share sale agreements, as at July 31, 2023, resulting from the annexed Letter of Intent concluded between the shareholders: PlayWay S.A. with its registered office in Warsaw (holding 6,899,999 series I shares constituting 30.53% of the share capital of the Company), Capeman Investments LTD with its registered office in Nicosia (holding 7,278,900 series H shares constituting 32.21% of the share capital of the Company), 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 the expiry on July 31, 2023 of the deadline for concluding share purchase agreements resulting from the above-mentioned of the Letter of Intent, the said share sale agreements were ultimately not concluded, and the Letter of Intent itself expired.