GeoSentric Oyj - Decisions of general meeting

RESOLUTIONS OF GEOSENTRIC OYJ ANNUAL GENERAL MEETING

GEOSENTRIC OYJ    STOCK EXCHANGE RELEASE  June 27, 2013 at 13:00





RESOLUTIONS OF GEOSENTRIC OYJ ANNUAL GENERAL MEETING



The following resolutions were made by the Annual General Meeting of GeoSentric
Oyj held on June 27, 2013: 





1. Confirming the annual accounts and deciding on handling the result for the
period according to the confirmed balance sheet 



The Annual General Meeting of GeoSentric Oyj confirmed the Income Statement and
the Balance Sheet of the company from the financial year 2012. The General
Meeting further resolved that the result from the period shall be booked on the
previous years' profit/loss account and that no dividend is paid. 



2. Discharge the members of the Board and Managing Director from liability



The Annual General Meeting resolved to discharge from liability the members of
the Board and the Managing Director. 



3. Resolution on the remuneration and incentives of the members of the Board of
Directors and the Auditor 



The Annual General Meeting approved the Board of Directors' remuneration and
incentives. The gross meeting fee will be 2.000€ per attended in person meeting
up to eight meetings per year. In addition the Board members shall be entitled
to stock options as proposed and they would have the right to convert their
unpaid meeting fees in the shares of the Company in accordance with the terms
set out in the proposal to the Annual General Meeting. 



The Annual General Meeting further resolved that the fees of the auditor shall
be paid in accordance with their reasonable invoice. 



4. Resolution on the number of the members of the Board of Directors and
election of members of the Board of Directors 



The Annual General Meeting resolved that the number of Board members is three
(3) and elected Victor Franck, Jeffrey Crevoiserat to continue on the Board and
Michael Peralta to joint the Board as a new member. 



The Board elected Victor Franck to continue as the Chairman of the Board.



5. Election of auditors



The Annual General Meeting re-elected Ernst & Young Oy to its auditor.



6. Financing proposals



The Annual General Meeting decided to confirm the €250,000 funding proposal
(“Proposal”) from the independent advisory business as proposed. 



7. Authorizing issues of shares and special option rights



The Annual General Meeting decided to authorize the Board of Directors to
decide on issuances of up to 5,000,000,000 new shares or special option rights. 



8. Reverse share split



The Annual General Meeting decided on the reverse share split in maximum ratio
of 1,000:1 to be implemented on December 31, 2013 at the latest. The Board was
authorized to set the exact redemption ratio and the record date for the
reverse split when the pre-conditions for implementing the reverse split have
been fulfilled, which is expected to take several months. 





GeoSentric Oyj





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