Kompas Mejni Turisticni Servis d.d. (LJSE:MTSG) announced a private placement of 250,000 shares at €40 per share for gross proceeds of €10,000,000 on July 31, 2020. The transaction is subject to the vote at a company's shareholders meeting scheduled to occur on August 31, 2020. The transaction will be carried out in two phases, with the first one giving a 30-day subscription priority to the existing shareholders. After the completion of the transaction, €1,040,000 will go towards the capital increase and the balance will go towards the capital reserve of the company; the share capital will increase from €2,480,000 to €3,520,000.