Electroceramics S.A. (WSE:ECR) announced a private placement of series J shares on December 15, 2014. The securities will be issued to existing investor IndygoTech Minerals S.A. (WSE:IDG). Pursuant to the transaction, the investor will acquire a stake of 3.87% in the company's issued and outstanding share capital. Post the closing of the transaction, the investor will hold a stake of 68.09% in the company's issued and outstanding share capital. The transaction is subject to the final acceptance of the investor by January 31, 2015.

On January 7, 2015, the company announced that the transaction was approved by the shareholders in the Extra Ordinary General Meeting of the company. The company will issue a maximum of 200,000,000 series J shares at a price of PLN 0.01 per share for maximum gross proceeds of PLN 2,000,000.