Danske Andelskassers Bank A/S (CPSE:DAB) announced a private placement of 29,071,677 common shares of par value of DKK 2 per share for issue price of DKK 8.30 per share for gross proceeds of DKK 241,294,919.10 on March 25, 2019. The shares were issued to a group of new and existing shareholders of the company. The shareholders who have subscribed for the issue have assumed a lock-up for 360 days.