BIOT Sp. z o.o. announced a private placement of 408 shares at PLN 50 per share for gross proceeds of PLN 20,400 on February 23, 2018. The shares will be subscribed by existing investor LUG S.A. (WSE:LUG). Existing investor Toka - Burzynski, and Guzowski Spólka Jawna will also acquire 392 shares and will cover them in full with a non-cash contribution in the form of intellectual property rights. The company’s registered capital will be increased from PLN 80,000 to PLN 120,000. The transaction has been approved by shareholders of the company at its extraordinary general meeting.