GeoSentric Oyj - Company Announcement

GEOSENTRIC UPDATES ITS GOING FORWARD PLAN

GEOSENTRIC OYJ    STOCK EXCHANGE RELEASE October 3, 2013 at 18:20





GEOSENTRIC UPDATES ITS GOING FORWARD PLAN



As announced on September 27, 2013 the listing of GeoSentric's shares on NASDAQ
OMX Helsinki Ltd. stock exchange has been terminated to end on October 28,
2013. The company confirms that it is no longer seeking to acquire any new
business but instead will try to negotiate a deal with its key creditors that
enable it to continue as a private limited liability company after the
delisting. As a part of the deal GeoSentric would offer its approximately 24%
holding in GeoSolutions Holdings N.V., the only substantial asset the company
has, for sale against the current and future debt from the current key
creditors. The company would also invite any other offers for this asset. 



GeoSentric is planning to call an Extraordinary General Meeting to be held
during October to resolve on matters that relate to delisting and related
amendments to company's Articles of Association as well as the proposed sale of
its GeoSolution Holding N.V. shares to the highest bidder. 





GEOSENTRIC OYJ



Board of Directors



Distribution:

NASDAQ OMX Helsinki

Principal news media