GEOSENTRIC OYJ STOCK EXCHANGE RELEASE May 12, 2011 11:00 hrs.
CANCELLATION OF GEOSENTRIC OYJ EXTRAORDINARY GENERAL MEETING
The Board of Directors of GeoSentric Oyj has decided to cancel the Extraordinary General Meeting of the Company invited to be held at 10:00am on May 12, 2011. The reason for cancellation were last minute requests received from some of the largest shareholders to provide more information for making an informed decision with regards to the financing proposal but also being informed of the possible another financing proposal being prepared by some of the largest shareholders. Based on this information, the Board concluded that it has no other option but to cancel the meeting to preserve the required additional time to adequately address these matters.
The Board will explore together with its lead investor and largest shareholder, the possibility to combine handling of the financing proposal in the agenda of its coming Annual General Meeting to be held by end of June 2011. The Company will also release a separate financing status update soonest.
The Company had prepared certain presentation material for the Extraordinary General Meeting. To keep all market participants equally informed the Board has decided to release this presentation material on Company’s web site today, on May 12, 2011 at 12:00, and it can be found under the Extraordinary General Meeting’s materials section. This information will be available only in English language. The Company will prepare also Finnish language version soonest to be published on Company’s web site as well.
The Board deeply apologizes for the decision to cancel the meeting in such a short notice due to extraordinary circumstances.
GeoSentric Oyj
For more information, please contact: investors@gypsii.com
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