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New listing of the company PYRAMID GAMES S.A. on NewConnect

2020-08-13 17:39:53

PYRAMID GAMES S.A. was newly listed on NewConnect on 13 August 2020.

PYRAMID GAMES S.A is the 373rd company listed on NewConnect and the 6th new listing on NewConnect in 2020. 

 

Key information

company name 

PYRAMID GAMES S.A.

seat

Lublin

companies listed on NC

373

new listings on NC in 2020 r.

6

business sector

Games

companies in the sector

30

core business

The Issuer is in the video game business: it produces proprietary games and offers production services to third parties.

subscription/sale 

offering of series C, D and E shares, total value: PLN 3,405,000 

sale of series B, C, D and E shares, total value: PLN 2,789,980 

reference price*

PLN 20 

company valuation*

PLN 24,620,000 

valuation of introduced instruments*

PLN 24,620,000

%free float (under 5% in shares subject to the application)

34

free float value* (shares subject to the application)

PLN 8,370,000 

%free float (under 5% in all shares)

34

free float value* (all shares)

PLN 8,370,000

Number of shareholders

86

Authorised Advisor

Blue Oak Advisory sp. z o. o.

Market Maker

Dom Maklerski BDM S.A.

*reference price at the issue price of series D and E shares

 

Historia/Core business

Pyramid Games S.A. is in the video game business: it produces proprietary games and offers production services to third parties. The Company was founded in January 2017. The main founder of the Issuer and its current President is Jacek Wyszyński.

 

The Company’s share capital according to the entry in the Companies Register is PLN 123,100 divided into 1,231,000 series A to E ordinary bearer shares with a nominal value of PLN 0.10 per share.

Offering of 81,000 series C shares

The subscription opened and closed on 19 July 2019. Series C shares were taken up at an issue price of PLN 5.00. The total value of the offering of series C shares: PLN 405,000.

Offering of 50,000 series D shares

The subscription opened on 13 March 2020 and closed on 24 April 2020. Series D shares were taken up at an issue price of PLN 20. The total value of the offering of series D shares: PLN 1,000,000.

Offering of 100,000 series E shares

The subscription opened on 24 April 2020 and closed on 14 May 2020. Series E shares were taken up at an issue price of PLN 20. The total value of the offering of series E shares: PLN 2,000,000.

Sale of shares by shareholders

Within 12 months prior to the submission of the application for the introduction of the Company’s shares to the NC ATS, the Issuer’s shares were sold at prices ranging from PLN 5 to PLN 90, totalling PLN 2,789,980.

Shareholders 

Shareholder

Number of shares

(#)

Stake in the share capital

(%)

Stake in votes

(%)

 

PlayWay S.A. 

551,000

44.76

44.76

 

Jacek Wyszyński

261,500

21.24 

21.24 

 

Other

418,500

34

34

 

Total                                1,231,000

 

 

The Issuer’s selected financials (PLN):

100 

100 

 

 

 

Q1 2020

2019

2018

 

 

Equity

1,162,000.81

  904,629.12

  634,573.76

 

 

Liabilities and provisions 

  592,828.21

666,580.04

141,693.18

 

 

Total assets

1,754,829.02

1,571,209.16

  776,266.94

 

 

Total sales revenue

  306,008.00

1,085,200.91

  365,297.37

 

 

Net revenue from sales of products

  310,244.35

 

  330,367.31

 

     6,353.42

 

 

 

Change in inventory of products

    (4,236.35)

  754,833.60

  259,518.12

 

 

Net profit

   (52,628.31)

  (16,996.27)

  (49,994.34)

 

 

Total net cash flows 

  171,171.43

 

  (66,774.45)

 

  108,026.60

 

 

 

Cash - closing balance

  344,558.66

  173,387.23

  240,161.68

 

 

 

 

 

 

 

 

 

 

 

 

 

1,231,000 series A, B, C, D and E ordinary bearer shares issued by PYRAMID GAMES S.A. were introduced to trading on NewConnect.