Quartiers Properties AB (publ) (NGM:QUART MTF PREF) announced a private placement of 143,000 common shares at a price of SEK 35 per share for SEK 5,005,000, 149,950 preferred shares at a price of SEK 100 per share, and for gross proceeds of SEK 20,000,000 on October 31, 2016. The company will also issue two warrants for each preferred share subscribed for, resulting into an issuance of 299,024 warrants. The warrants will be exercisable at a price of SEK 35 per share. The transaction has been approved by the board and shareholders of the company. The company has received subscription commitments for the whole issuance amount. The share capital of the company will increase maximum by SEK 35,750 for the common shares issuance. The preferred shares will bear an annual dividend of SEK 9.6. The warrants can be exercised between September 5, 2017 and September 26, 2017.