Mar 8, 2018

News provided by Share this article ISTANBUL, Turkey, March 8, 2018 /CNW/ - GERSAN ELEKTRIK Ticaret ve Sanayi A.Ş ("GERSAN" or "GERSAN A.Ş.") has signed a funding facility for TRY[101] million under a Share Subscription Facility ("SSF") and Call Option Agreement, (the "Agreement") with GEM Global Yield Fund, the private alternative investment group. This TRY[101] million will be raised from a combination of instruments, TRY50 million in capital from the SSF and TRY[51] million from the Company issuing [7.1] million call options that can be exercised within three years by GEM Global Yield Fund, at the price which represents TRY[7.2] Per Share. This new Agreement will be used to provide strength to the working capital of the Company. About GERSAN GERSAN A.Ş., established in 1980, is a leading company in the electrical industry with 38 years of experience. GERSAN A.Ş. is a complete "R & D" - innovation company and produces technological electrical products. Some of our products are patented internationally. These products hold international certificates such as GOST, IEC, BS, TSE, EN, ATA, IPH, ISO9001-14001-18001, and CE. We export to 88 countries. Our production facilities: About GEM: Global Emerging Markets ( http://www.gemny.com ) was founded in 1991. GEM is a USD 3.4 billion investment group having completed 375 transactions in 68 countries. The firm is an alternative investment group that manages a diverse set of investment vehicles across the world. GEM's funds include and have included : CITIC-GEM Fund, Kinderhook, GEM Global Yield Fund, GEM India and VC Bank/GEM Mena Fund*. (*GEM exited both its LP and GP stakes in Q1 2010.) SOURCE GERSAN For further information: GERSAN ELEKTRIK Ticaret ve Sanayi A.Ş, http://www.gersan.com.tr, GEM : Aude Planche, Partner, 28 Cours Albert 1er, 75008 Paris, Tel: +33-153-532-010, Email: aplanche@gemgroup.ch Organization Profile