January 26, 2018 / 1:00 PM / 8 months ago

BRIEF-Merko Gida Signs Subscription Commitment And Share Lending Agreement With GEM Global

Jan 26 (Reuters) - MERKO GIDA:

* SIGNS SUBSCRIPTION COMMITMENT AND SHARE LENDING AGREEMENT WITH GEM GLOBAL

* GEM GLOBAL TO CONTRIBUTE SHARE CAPITAL INCREASE IN COMPANY UP TO 45.0 MILLION LIRA WITHIN 3 YEARS

* PRICE OF SHARES TO BE DELIVERED TO GEM IN PRIVATE PLACEMENT, TO BE 10 PERCENT LESS THAN AVERAGE MARKET PRICE

* GEM’S SHAREHOLDING PERCENTAGE IN CO’S SHARE CAPITAL NOT TO EXCEED 9.9 PERCENT OF TOTAL CAPITAL Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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