Audio Visual Enterprises S.A. announced that it issued 7,233,100 new preferred non-voting shares series D at €0.7 per share for gross proceeds of €5,063,170 on December 22, 2016. The preferred shares will be convertible into common shares within five years which will be listed on the Athens Stock Exchange. The shares will be issued at par. The amount of €1,355,907 with capitalization of existing obligations, the cash facilities which had already been paid by investor to the company the amount of €3,707,263 to be paid in cash. The transaction will include participation from returning investor Doson Investment Company.