News
New listing of the company ULTIMATE GAMES
7
The company ULTIMATE GAMES S.A. was newly listed on the GPW Main Market on 30 July 2019.
ULTIMATE GAMES S.A. is the 461st company listed on the Main Market, the sixth new listing on the Main Market in 2019, and the 69th company to transfer from NewConnect to the GPW Main Market.
Key information
|
Company name |
ULTIMATE GAMES S.A. |
|
Market |
Main Market (transfer from NC) |
|
Companies listed on the Main Market |
461 |
|
New listings in 2019 |
6 (5th transfer from NC) |
|
Business sector |
Games (10th company in the sector) |
|
Seat |
Warsaw |
|
Core business |
Production of games for computers and mobile devices. |
|
IPO/ public sale |
None |
|
IPO/public sale value |
- |
|
Issue price |
- |
|
Company valuation* |
PLN 107,581,100 |
|
Free float in all shares |
42.85% |
|
Free float value* |
PLN 46,097,370 |
|
Free float w in shares subject to the application |
42.85% |
|
Free float value * |
PLN 46,097,370 |
|
Number of shareholders |
N/A – company listed on NC |
|
Investment Firm |
Trigon Dom Maklerski Spółka Akcyjna |
*as at the average price on NewConnect in three months prior to the application (PLN 20.57)
Issuer’s history and business
The Company was established in December 2015 by the current CEO Mateusz Zawadzki. In 2016, the Company acquired a major investor, PlayWay S.A., which is a leading producer and publisher of computer games.
The Issuer operates in the video game business and specialises in the production and distribution of games for various platforms, including computers (PC and MAC), mobile devices (Android and iOS), as well as consoles (Nintendo Switch, PlayStation 4 and Xbox One).
The Company is a producer and publisher of games sold around in the world in the digital distribution model via dedicated distribution platforms, including Steam, App Store, Google Play and Nintendo eShop.
The Issuer aims at broad diversification of its product portfolio through production and publication of several dozen games each year dedicated to different platforms: PCs, mobile devices, consoles. The Company’s two main business models include: (i) production and publication of games, where the Company pays the cost of development and collects a large share of net proceeds from the sale; and (ii) publication of games, where the Company only pays the marketing cost and receives a percentage of proceeds, which is typically lower compared to production of proprietary games.
The Company’s share capital is PLN 523,000 divided into 5,230,000 ordinary bearer shares with a par value of PLN 0.10 per share including:
- 800,000 A series ordinary bearer shares,
- 200,000 B series ordinary bearer shares,
- 500,000 C series ordinary bearer shares,
- 2,500,000 D series ordinary bearer shares,
- 1,000,000 E series ordinary bearer shares,
- 230,000 F series ordinary bearer shares.
Issuer’s financial position (PLN’000)
|
|
31.03.2019 |
31.12.2018 |
31.12.2017 |
31.12.2016 |
|
Net revenue from products |
999 |
3,822 |
670 |
0.1 |
|
Net profit |
663 |
2,009 |
402 |
(14) |
|
Total assets |
7,171 |
3,977 |
2,011 |
202 |
|
Equity |
6,987 |
3,646 |
1,764 |
191 |
|
Liabilities and provisions |
184 |
331 |
248 |
11 |
*Net of changes to inventories of products
Shareholders
|
Shareholder |
Series |
# shares |
% equity |
% votes |
|
PlayWay S.A. |
A, C, D |
2,400,000 |
45.89% |
45.89% |
|
Mateusz Zawadzki |
B, C, D, E, F |
589,000 |
11.26% |
11.26% |
|
Other |
B, C, D, E, F |
2,241,000 |
42.85% |
42.85 |
|
Total |
A, B, C, D, E, F |
5,230,000 |
100% |
100% |
Newly listed financial instruments:
- 800,000 A series ordinary bearer shares,
- 200,000 B series ordinary bearer shares,
- 500,000 C series ordinary bearer shares,
- 2,500,000 D series ordinary bearer shares,
- 1,000,000 E series ordinary bearer shares,
- 230,000 F series ordinary bearer shares.
Galeria
