Audio Visual Enterprises S.A. announced that it issued 17,142,856 new preferred non-voting shares series E at €0.7 per share for gross proceeds of €11,999,999.2 on November 24, 2017. The preferred shares will be convertible into common shares within five years which will be listed on the Athens Stock Exchange. The shares are issued at par. The transaction included participation from returning investor Doson Investment Company. The company received amount of €2,672,462.80 with capitalization of existing obligations and amount of €9,327,536.40 to be paid in cash.