UNITEDLABELS Aktiengesellschaft (XTRA:ULC) announced a private placement of 630,000 no-par-value ordinary shares at a price of €2.23 per share for gross proceeds of €1,404,900 on November 29, 2018. The investor will acquire 10% stake in the company. The share capital of company will increase from €6,300,000 to €6,930,000 upon closing. The transaction has been approved by the board of directors of the company. The transaction is subject to approval of supervisory board of the company.