GKS GieKSa Katowice Spólka Akcyjna (WSE:GKS) announced a private placement of 2,000,000 ordinary bearer series U new shares at PLN 1 per share for gross proceeds of PLN 2,000,000 on August 12, 2016. Each share will be issued at par. The transaction will include participation from maximum of 99 individual investors. Upon closing, the company will have a capital of PLN 46,123,735. The transaction was approved by the board of directors of the company. The transaction is expected to close on September 16, 2016.