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2011-06-29 13:00:00 CEST 2011-06-29 13:00:02 CEST REGULATED INFORMATION GeoSentric Oyj - Company AnnouncementLEAD INVESTOR'S CONVERSION REQUEST RECEIVED, LARGEST SHAREHOLDERS ENGAGED IN DISCUSSIONS FOR AGREEMENT ON FINANCING SOLUTION, AGM DECIDED TO BE ADJOURNED UNTIL 3PMGEOSENTRIC OYJ STOCK EXCHANGE RELEASE June 29, 2011 at 14.00 LEAD INVESTOR'S CONVERSION REQUEST RECEIVED, LARGEST SHAREHOLDERS ENGAGED IN DISCUSSIONS FOR AGREEMENT ON FINANCING SOLUTION, AGM DECIDED TO BE ADJOURNED UNTIL 3PM GeoSentric Oyj announces that it has now received an official conversion request from its lead investor to convert their preferred convertible notes (“Notes”) issued by the Company's Dutch subsidiary GeoSolutions Holdings N.V. (“GHNV”) into the shares of GHNV. The Company was further informed that its largest shareholders have engaged in negotiations with the lead investor with the target to get into agreement on the terms of financing. To complete these discussions the largest shareholders have together requested Company's Annual General Meeting, that started today at 10am, to be adjourned to continue at 3pm Finnish time today. The Company will announce the decisions of the Annual General Meeting and the outcome of the discussions between the largest shareholders and the lead investor to the markets immediately after the Annual General Meeting. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media |
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