GeoSentric Oyj - Company Announcement

IMPLEMENTATION OF REVERSE STOCK SPLIT DELAYED UNTIL LISTING OF NEW SHARES

GEOSENTRIC OYJ      STOCK EXCHANGE RELEASE November 23, 2011 at 11.35





IMPLEMENTATION OF REVERSE STOCK SPLIT DELAYED UNTIL LISTING OF NEW SHARES



As previously announced, the Company has recently concluded a directed share
offering (“GSOY Offering”) to its largest shareholders by issuing 2,565,590,000
new shares at €0.0004 per share thereby raising €1,026,236, in order to
participate in the second tranche of the share offering of GeoSolutions
Holdings NV (“GHNV”) its previously wholly owned subsidiary (now 24% owned
associate company) for the total amount of €1 million. 



The Company estimates that the new shares issued in the GSOY Offering will be
registered in the trade register by end of November. The Company further
intends, as soon as possible, to prepare and publish a formal Prospectus and
apply to get the new shares listed and eligible for trading. This process can
take several months. 



The Company had previously announced that it intended to call an Extraordinary
General Meeting (“EGM”) as soon as the new shares issued in the GSOY Offering
have been registered in the Trade Register to be held by the end of December
2011, to decide on a proposed reverse stock split in the ratio of approximately
ten to one to improve the marketability and liquidity of the Company's shares.
It has now appeared, that due to technical reasons not attributable to the
Company, the planned reverse stock split cannot be affected until the new
shares issued in the GSOY Offering have been listed following the publication
of the Prospectus. As noted above this process can take several months and
accordingly the Company must wait until this has been completed before
implementing the planned reverse stock split 





GEOSENTRIC OYJ



Board of Directors



Distribution:

NASDAQ OMX Helsinki

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