Hurtimex SA (WSE:HRT) announced a private placement of series H shares on June 10, 2014. The securities will be issued to certain investors and current majority shareholders, including the current partner of the company, Kids Fashion Group GmbH & Co. KG.

On September 25, 2014, Hurtimex SA closed the transaction. The company issued 11,303,662 shares at PLN 0.25 per share for gross proceeds of PLN 2,825,915.50 in the transaction. The company intended to issue a total of 30,000,000 shares for gross proceeds of PLN 7,500,000 in the transaction.