GPW: Summary of information from companies, December 2, 2022

Dov Herman




Dom Development has concluded a contract with a professional institutional investor from the PRS segment (Private Rental Sector – institutional rental) with a net value of PLN 200.4 million for the construction of four residential buildings for the buyer, the company announced. Revenues from general contracting of investments will be recognized in proportion to the progress of construction works. Construction is scheduled to start in the first quarter of 2023, and its completion will take place no later than in 2025. The Starward Industries publishing contract with 11bit studios clarifies the issues of DLC production for “The Invincible”, but there are no final arrangements on this subject, according to a statement by board member Michał Pietrzkiewicz. The VR version of the game is being discussed. Dom Development has concluded with a professional institutional investor from the PRS segment (Private Rental Sector – institutional rental) a sale agreement for PLN 90 million net of an undeveloped land property located in Warsaw, in the Bemowo district, with building permits for 397 units, the company announced. The Supervisory Board of Bumech reorganized the work of the company’s Management Board, establishing the following composition: President of the Management Board – Marcin Sutkowski, Vice-President of the Management Board for Operations – Artur Siewierski, Vice-President of the Management Board for Economic and Financial Affairs – Andrzej Bukowczyk, who was delegated as a member of the Supervisory Board to temporarily perform activities board member for three months. Sales revenues of the VRG Group reached in November this year value of PLN 103.2 million and were higher by 11.9% y/y, the company announced. In the January-November period, revenues increased by 22.5% y/y to PLN 1,098.4 million, the company announced. Noctiluca wants to move to the main market of the Warsaw Stock Exchange from NewConnect with a public offering in 2024, Mateusz Nowak, CCO of the company, informed. Gaming Factory’s publishing goal for the next two years is one game per quarter, which is due to the state of the games and the production process, informed Mateusz Adamkiewicz, CEO. In the middle of the year, there will be one big, unannounced project. Gaming Factory wants to focus on improving financial results as an absolute priority, announced the president of Gaming Factory Mateusz Adamkiewicz.
XTB

ING has selected the winners of the second edition of the competition addressed to young scientists and startups – the best projects received a total of PLN 1 million for further development, the bank announced. This time, ING was looking for solutions that would ensure sustainable supply chains, reduce the level of waste generation and help reduce the amount of food wasted. The ISBnews agency is the media patron of the grant programme. CD Projekt plans to release “Cyberpunk 2077” in the “Game of the Year” version next year, i.e. after a major update and a new addition, CEO Adam Kiciński announced. DB Energy plans to move its listings to the main market of the Warsaw Stock Exchange from NewConnect in the coming months, company representatives informed ISBnews. Work on the prospectus is advanced, and the debut on the WSE will be accompanied by a share issue, they added. CD Projekt is planning a “promotional bit” for “Phantom Liberty” (Widmo Wolności) – next year’s expansion to the game “Cyberpunk 2077”, announced the president of Adam Kiciński. UF Games from the Forever Entertainment group will debut on the NewConnect market on Monday, December 5, the exchange announced. The value of net assets under the management of Quercus TFI as at November 30, 2022 amounted to PLN 2,986.5 million, the company announced. A month earlier, the value of assets amounted to PLN 2,877.4 million. The number of rentals across Poland increased by 10% y/y to nearly 8 million in 2022, and Poles cycled over 3.6 million hours on city bikes, reported Nextbike Polska, announcing the closure of the 2022 season. The number of new users of the service exceeded 273 thousand Ten Square Games wants to adapt the 2.5-year strategy to the current situation and will publish it with financial results at the turn of March and April 2023, informed CFO Magdalena Jurewicz. She emphasized that the company wants to diversify its operations through new titles and potential acquisitions. TIM’s revenues increased by 4% y/y to PLN 122.88 million in November 2022, the company said, presenting preliminary data. In the January-November period, revenues increased by 16.5% y/y to PLN 1,339.99 million. Pure Biologics has established a special purpose vehicle, Doto Medical, focused on the accelerated development and commercialization of a key aptamer project in its portfolio, the company announced. The PB103 project, carried out in cooperation with the Dutch company Relitech BV, aims to develop a medical device for patients with chronic kidney disease. At the same time, the company established cooperation with the transaction advisor Clairfield Partners. Ryvu Therapeutics plans in December this year. publish a prospectus related to the public offering of series J shares, immediately after the prospectus is approved by the Polish Financial Supervision Authority (KNF). The offering will cover no more than 4.765 million new shares. The biotech company BioNTech has committed to investing €20 million in the offer, Ryvu reported. MLP Group has set the issue price of series F shares, offered with the deprivation of the existing shareholders’ pre-emptive rights, at PLN 70 per share, the company announced. SDS Optic estimates that the first phase of clinical trials of the inPROBE platform is progressing as planned and expected, informed ISBnews COO Mateusz Sagan. The company also expects that by the end of the year, as planned, will acquire an M&A advisor. MOL finalized its announcement in January this year. an agreement with PKN Orlen concerning i.a. acquisition of over 410 petrol stations operating in Poland under the Lotos brand, MOL announced. The Company intends to immediately launch the MOL brand on the Polish market, together with a wide retail offer, including Fresh Corner food outlets, operating at the chain’s stations. The supervisory board of Dino Polska appointed Piotr Ścigała as a member of the management board. Piotr Ścigała has been with Dino Polska since 2003, since 2014 as the director of the control department. Michał Zawisza resigned from the position of Vice-President of the Management Board of Mangata Holding with effect from the end of December 28, 2022, the company announced. The reason for the resignation is the receipt of a proposal from the company’s majority shareholder to reappoint him to the company’s supervisory board.

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