Awbud S.A. (WSE:AWB) announced that it has entered into share subscription agreements for private placement of 28,000,000 series B1 shares at a price of PLN 0.50 per share for gross proceeds of PLN 14,000,000 on April 24, 2019. The shares will be offered in private subscription with no pre-emptive rights. The transaction has been approved by the shareholders at its extra ordinary general meeting. The transaction is expected to be concluded by May 31, 2019.