Screen Network S.A. announced a private placement of 12,807,558 series F shares at a price of PLN 0.17 per share for gross proceeds of PLN 2,177,284.86 on October 27, 2016. The transaction will include participation from existing investor 4fun Media SA (WSE:4FM). The securities will be issued by way of rights issue. The shares have a nominal value of PLN 0.10 per share. The transaction has been approved at its extra ordinary general meeting. Post the closing, the share capital of the company will increase to PLN 5,107,799.60.