Front Office Nordic AB (publ) (NGM:FRNT MTF B) announced a private placement of 750,000 common shares at a price of SEK 4.70 per share for gross proceeds of SEK 3,525,000 on December 2, 2016. The transaction will include participation from eight investors. The investors will be entitled to dividend from the current fiscal year. The capital of the company will increase by SEK 75,000, from existing SEK 1,425,000 to SEK 1,500,000 upon closing. The shares issued in this transaction will represent 5% stake in the company.