EndoSystem sp. z o.o. announced that it has signed a conditional investment agreement for a private placement of 360 shares at PLN 3,612 per share for gross proceeds of PLN 1,300,320 with G-Energy S.A. (WSE:GNG) on July 4, 2016. The shares have nominal value of PLN 50 per share and will be issued at premium. Investor will acquire 50% stake in the company through this transaction. The total value of the transaction may change as a result of the price adjustment mechanism. Payment of the agreed price will take place after the fulfillment of the conditions precedent ensuring the completion of the investment, resolution of the meeting of shareholders of the company, obtaining all corporate and law approvals, and registration of the share capital increase by the Court. The agreement contains standards for penalties in case of violation of the provisions of the agreement, the maximum amount of which is 10% of the total transaction size. The transaction has been approved by board of directors of the investor. The submission to the Registry Court of resolutions required by law concerning the share capital increase will take place no later than October 31, 2016.