Novavis Spólka Akcyjna (WSE:NVV) announced a private placement of 3,609,375 series E bearer shares at PLN 1 per share for gross proceeds of PLN 3,609,375 on January 4, 2016. The shares to be issued have a par value of PLN 0.10 per share. The transaction will be completed on April 7, 2016.

The shares will be issued without pre-emptive rights. The transaction will include participation from a single investor. The supervisory board of Novavis SA authorized the share capital increase.

The company will pay PLN 1,703 as expenses in the transaction.