GeoSentric Oyj - Company Announcement

GEOSENTRIC HAS RECEIVED OFFER FOR ITS GEOSOLUTIONS HOLDINGS N.V. SHARES AND CALLS FOR ANY OTHER OFFERS TO BE DELIVERED BY OCTOBER 27, 2013

GEOSENTRIC OYJ    STOCK EXCHANGE RELEASE October 14, 2013 at 10:35





GEOSENTRIC HAS RECEIVED OFFER FOR ITS GEOSOLUTIONS HOLDINGS N.V. SHARES AND
CALLS FOR ANY OTHER OFFERS TO BE DELIVERED BY OCTOBER 27, 2013 



GeoSentric has received an offer from its key creditors for the Company's
approximately 24% holding in its former Dutch subsidiary GeoSolutions Holdings
N.V. (“GHNV”). The creditors have offered to purchase the GHNV shares at the
fixed purchase price of €1,521,228, which corresponds to the repayable amount
of the secured debt the Company has from these creditors as of the date of the
offer. As a part of their offer the key creditors have additionally undertaken
to provide the Company with limited additional funding to enable the Company to
continue its operations. This additional funding will be included in the
purchase price for GHNV shares with no repayment obligation to the Company. 



The Board of Directors has handled the offer and accepted it subject to
Extraordinary General Meeting's approval. The Company plans to publish the
invitation to Extraordinary General Meeting on October 15, 2013. The
conditional share purchase agreement based on the key creditors' offer will be
published in its entirety as a part of Board's proposals to the Extraordinary
General Meeting. 



The Board of Directors calls for any other offers for Company's GHNV shares to
be delivered on October 27, 2013 at the latest so that they can be published
and handled in the Extraordinary General Meeting.  Any offers can be delivered
by mail to the Company's address or by email at investors@gypsii.com. 





GEOSENTRIC OYJ



Board of Directors



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