The CEO of Vivid Games is buying 5 million shares from the company's former chairman. The transaction demonstrates the CEO's faith in the Company's future and shows the strong confidence of one of its founders.
28.06.2024
The CEO of Vivid Games is buying 5 million shares from the company's former chairman.
The transaction demonstrates the CEO's faith in the Company's future and shows the strong confidence of one of its founders.
The Company has received notices of a transaction to buy 5 million shares from Piotr Gamracy, the current CEO of Vivid Games, and Jarek Wojczakowski, founder and former CEO. The former CEO sold most of his Vivid Games shares to the current one. The operation may seem surprising, but both sides see benefits in it and express great faith in the company.
"I am associated with Vivid Games not only as a shareholder but primarily as a founder. Despite the lack of direct involvement in the bodies, the fate of the company and its future remain personally important to me. The stake I owned was large enough that I decided to share it with Piotr. I believe that strengthening his relationship with the company will be beneficial, both for the Company and for me as a shareholder" emphasized Jaroslaw Wojczakowski, one of the founders of Vivid Games.
"I very much appreciate Jarek's proposal. He has always thought first and foremost about the good of the company, and this gesture is the best example of that. My commitment to work for the development of Vivid Games does not depend on how large a stake I own, but such a significant change in my shareholding is very well received by potential business partners. For them, it is a guarantee that I will stay with the company, believe in it, and will fight for its results, including as a shareholder in rather difficult times for the video game industry. I know it can speed up some of the ongoing, conversations" - adds Piotr Gamracy, CEO of Vivid Games.
Following the transaction, Piotr Gamracy owns nearly 16% of the company.