Home Meal Replacement SA (CATS:HMR) announced a private placement of 675,058 shares at €2.03 per share for gross proceeds of €1,370,367.74 on January 15, 2016. The shares carry a par value of €0.13 each and will be issued at a premium of €1.90 per share. The transaction was approved by the company.

The company currently has a capital of €1,842,908.86 represented by 14,176,222 shares. The transaction will take place in two stages; of which first will be preemptive subscription period and second will be discretionary allocation period. The preemptive subscription period will begin on the day after the publication of the capital increase in the BORME and will have a duration of one month.