Digital Media Professionals Inc. (TSE:3652) announced a private placement of 200,000 common shares and 200,000 treasury shares at ¥586 per share with new investor, UKC Holdings Corporation for gross proceeds of ¥234,400,000 on May 9, 2014. The company will issue the securities through third party allocation. The investor will acquire 15.33% stake in the company through this transaction.

On the same date, the transaction was approved by the board of directors of the company. The payment date for the transaction is June 2, 2014. The company expects to receive net proceeds of ¥211,400,000 after incurring issuance expenses of ¥23,000,000.

The company will pay ¥18,000,000 for financial advisory expenses, ¥2,000,000 for lawyer fees, ¥1,000,000 for share evaluation expenses, and ¥2,000,000 for registration-related expenses and other expenses.