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2011-07-01 14:45:00 CEST 2011-07-01 14:45:02 CEST REGULATED INFORMATION GeoSentric Oyj - Decisions of general meetingRESOLUTIONS OF GEOSENTRIC OYJ ANNUAL GENERAL MEETINGGEOSENTRIC OYJ STOCK EXCHANGE RELEASE July 1, 2011 at 15:45 RESOLUTIONS OF GEOSENTRIC OYJ ANNUAL GENERAL MEETING The following resolutions were made by the Annual General Meeting of GeoSentric Oyj held on June 29, 2011 and today on July 1, 2011 in the extended meeting: 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 2010. 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 of the members of the Board of Directors and the Auditor The Annual General Meeting approved the Board of Directors remuneration. The gross meeting fee will be 1.500€ per attended in person 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 the following persons to the Board: Mike Po, Jeffrey B. Crevoiserat and Vic Franck. The Board will convene later to appoint the Chairman of the Board. 5. Election of auditors The Annual General Meeting re-elected Ernst & Young Oy, CPA Mr. Erkka Talvinko acting as its responsible auditor, to its auditor, and PricewaterhouseCoopers Oy to the deputy auditor. 6. Financing proposals The Annual General Meeting decided to confirm the approval of the lead investor's financing proposal (“Proposal”) by the Board of Directors as presented. As announced in a separate stock exchange release a group of Company's largest shareholders have reached an agreement with the lead investor on manner of execution of the Proposal, potentially also affecting some of the terms of the Proposal. 7. Authorization of the Board of Directors' to decide on increase of share capital and issuing shares and special rights entitling to shares The Annual General Meeting decided to authorize the Board to issue up to 5,000,000,000 new shares, option rights and/or special rights entitling to shares, and upon the increase of the Company's share capital as proposed. The Board of Directors' proposal can be found on Company's web site at www.geosentric.com. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media |
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