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2009-03-16 11:50:36 CET 2009-03-16 11:51:38 CET SÄÄNNELTY TIETO GeoSentric Oyj - Company AnnouncementGEOSENTRIC EXTENDS SUBSCRIPTION PERIOD OF LOAN NOTE ISSUE AND INFORMS OPTION ALLOTMENTSGEOSENTRIC OYJ STOCK EXCHANGE RELEASE March 16, 2009 at 12.50 GEOSENTRIC EXTENDS SUBSCRIPTION PERIOD OF LOAN NOTE ISSUE AND INFORMS OPTION ALLOTMENTS On September 3, 2008 GeoSentric Oyj informed upon issuance of a loan note to raise a maximum amount of EUR 16,000,000 (“Issue”). The subscription period of the Issue was originally intended to end on November 18, 2008 and was later extended until April 1, 2009. By the end of original subscription period the Company received subscriptions for a total amount of EUR 10,000,000. As the discussions with certain investors, which have expressed their interest to participate in the Issue, are still continuing the Board has decided to extend the subscription period of the Issue further until May 15, 2009, which is the date of Company's Annual General Meeting. The Board has also decided upon allotment of option rights under the Option Plan 2008-V. According to the terms and conditions the maximum of 9,505,000 option rights shall be allotted to the key resources of the GeoSentric group during the option subscription period, which ends on December 31, 2009. Of the reserved amount, a total of 5,647,500 options have now been allotted. GeoSentric Oyj For more information, please contact: communications@gypsii.com (Americas) or geosentric@companycare.com (EMEA) Distribution: NASDAQ OMX Helsinki Principal news media |
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