TORONTO, Nov. 9 /CNW/ - This press release is issued by Mr. Stephen W. Bershad as required by Canadian provincial securities legislation. Mr. Bershad announces that he has acquired 1,703,749 common shares of GSI Group Inc. (the "Company") The 1,703,749 common shares acquired by Mr. Bershad represent, to Mr. Bershad's knowledge, 3.58% of the issued and outstanding common shares of the Company. As a result of the acquisition, Mr. Bershad owns 5,208,088 common shares of the Company, representing, to Mr. Bershad's knowledge, 10.94% of the currently issued and outstanding common shares. In connection with this purchase, Mr. Bershad has filed an early warning report pursuant to National Instrument 62-103 which is available under the profile for the Company on the System for Electronic Document Analysis and Retrieval (SEDAR).
The 1,703,749 common shares acquired by Mr. Bershad were purchased through the Pink Quote system and through privately negotiated transactions.
The shares were acquired by Mr. Bershad for investment purposes. Mr. Bershad may, directly or indirectly, depending on market and other conditions, acquire beneficial ownership of, control or direction over, additional common shares of the Company through market transactions, private agreements or otherwise. Mr. Bershad may, depending on market and other conditions, sell any or all of his common shares of the Company.
SOURCE STEPHEN W. BERSHAD