2015.05.27 Press release

ASTG: GEM has committed to invest up to 30 MSEK in ASTG with an option to buy an additional 15 million shares at a strike price of 0,10 SEK

STOCKHOLM, Sweden, 27th of May 2015 – (NGM MTF, ASTG). Advanced Stabilized Technologies Group AB (publ)

The funds are made available to Advanced Stabilized Technologies Group AB (publ) (“ASTG”) in the form of an equity line of credit over the next three years. Under this agreement Global Emerging Markets Group (“GEM”) has committed to subscribe for new shares in ASTG for up to 30 MSEK. The equity line of credit is structured to issue shares in ASTG on multiple occasions. The subscribed price per share and the amount of shares subscribed will vary depending on the time when ASTG chooses to use the equity line of credit. Shares will be issued to GEM at a 10 % discount of the 15 day volume weighted average price of the ASTG shares preceding the closing of each Draw Down and the number of shares issued will be dependent on the daily average number of shares traded over 15 days. In addition, ASTG will issue GEM options for 15 million shares with a strike price of SEK 0.10 per share. The options will have a three year term.

”This is an important signal to both current and potential customers as it underlines that ASTG, despite being a relatively small player in the market, will with the GEM facility be able to meet its commitments as a counterpart” says ASTG’s chairman Mr. Nygren. 

About ASTG (www.astg.se)

Advanced Stabilized Technologies Group AB is a holding company with the subsidiaries C2SAT communications AB, C2SAT Communications Technology AB, C2SAT Asia Pacific (Pte.) Ltd and AIMS International AB.  

C2SAT communications AB develops manufactures and sells innovative 4-axis stabilized VSAT antennas for marine installations. C2SAT Communications Technology AB is responsible for development projects based on C2SAT’s antenna robot. C2SAT Asia Pacific is responsible for sales, to build up, coordinate and support the network of distributors and service partners in South-East Asia, based on local production in Singapore. AIMS International AB develops and sells advanced inertial sensor systems, IMUs that are designed for measuring movements in three dimensions.  

The company’s head office is in Stockholm. ASTGs shares are listed on NGM Nordic MTF with Mangold fondkommission AB as the company’s mentor and market maker.

For more information, please contact: 

Mr Fredrik Nygren, Chairman, fredrik.nygren@astg.se    

Mr Jan Otterling, CEO, jan.otterling@astg.se    

Advanced Stabilized Technologies Group AB (publ)

Isafjordsgatan 32 B, 164 40 Kista, Sweden 

Phone: +4687059500


About GEM (www.gemny.com)

The Global Emerging Markets Group, www.gemny.com is a $3.4b alternative investment group having completed 365 transactions in 65 countries. The firm manages a diverse set of investment vehicles across the world. GEM’s funds include: CITIC/GEM Fund; Kinderhook Industries; GEM Global Yield Fund; and GEM India.

For more information, please contact: 

The Global Emerging Markets Group

Mr Warren P. Baker, III

E-mail: wbaker@gemny.com