Asturiana De Laminados S.A. announced a private placement of 10,210,625 common shares at a price of €1.50 per share for gross proceeds of €15,315,937.50 on November 23, 2016. The shares have a par value of €1 per share and will be issued at a premium of €0.50 per share. The transaction will include participation from existing investors, which will subscribe for five new shares for every eight existing shares held. The shares not subscribed within the subscription period will be offered for a period of 10 days from the end of the preferred subscription period, which may be offered to third parties. The capital of the company will increase from €16,337,000 to €26,547,625 upon closing. The shares issued in the transaction will represent 38.461538% stake in the company. The transaction has been approved by shareholders of the company at its extraordinary shareholders meeting.