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2011-07-01 14:30:00 CEST 2011-07-01 14:30:02 CEST REGULATED INFORMATION GeoSentric Oyj - Company AnnouncementGROUP OF LARGEST SHAREHOLDERS IN AGREEMENT ON MANNER OF EXECUTION OF LEAD INVESTOR'S FINANCING PROPOSAL AND FINANCING SOLUTIONGEOSENTRIC OYJ STOCK EXCHANGE RELEASE July 1, 2011 at 15.30 GROUP OF LARGEST SHAREHOLDERS IN AGREEMENT ON MANNER OF EXECUTION OF LEAD INVESTOR'S FINANCING PROPOSAL AND FINANCING SOLUTION GeoSentric Oyj announces that it has been informed by its lead investor and a group of Company's largest shareholders that they have reached an agreement on manner of execution of the lead investor's financing proposal (“Proposal”) and this group of largest shareholders' support and participation in the planned financing stipulated in the Proposal. The agreement may also introduce some changes to the terms of the Proposal. The Company has also been informed that this agreement between the lead investor and the group largest shareholders will secure group's short-term financing needs and provides a way forward for a long-term financing solution. The Company expects to announce further details of the above-mentioned agreement between the group of largest shareholders and the lead investor within the next days to come after receiving this information. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media |
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