Pragma Faktoring Spolka Akcyjna (WSE:PRF) announced a private placement of 186,257 series D shares at PLN 17 per share for gross proceeds of PLN 3,166,369 on December 18, 2017. The transaction will include participation from nine persons. The transaction is expected to close on December 21, 2017. The company incurred total issue costs of PLN 19,437.49 as part of the transaction. The shares will be issued with the exclusion of pre-emptive rights of existing shareholders. The transaction was approved at the Extraordinary General Meeting of the company.