Kompania Elektryczna sp. z o.o. announced a private placement of 100 shares for gross proceeds of PLN 2,181,675 on June 30, 2016. The company will issue 49 shares at PLN 44,471.938776 per share for proceeds of PLN 2,179,125 to existing investor, THC PRO sp. z o.o. and the remaining 51 shares to existing investor, Geotrans SA at PLN 50 per share for proceeds of PLN 2,550. The shares carry a par value of PLN 50 each. On closing, the capital of the company will increase from PLN 600,000 to PLN 605,000. The investors will acquire 0.826446% stake in the increased capital of the company. Each of the investors will acquire 0.404959% and 0.421488% stake in the company respectively. On closing, the investors will continue to retain their 49% and 51% stakes in the company. The price excess at which the shares will be acquired over their nominal value will be transferred to the supplementary capital of the subsidiary. The transaction was approved by the management board of Geotrans SA.