Kutjevo D.D. (ZGSE:KTJV-R-A) announced a private placement of 651,500 shares at a price of HRK 50 per share for gross proceeds of HKR 32,575,000 on January 12, 2017. The shares are issued at par value. Upon completion of the transaction; the company share capital increase to HKR 355,321,450 representing 5,726,429 ordinary shares and 1,380,000 ordinary shares, all with a nominal price of HRK 50 per share.