GEOSENTRIC OYJ BULLETIN May 7, 2008 at 09:30
GEOSENTRIC ADOPTS NEW OPTION PLAN AND INFORMS CHANGES IN SHARE AMOUNT
GeoSentric announces that it has decided to adopt new option plan by issuing a
maximum of 577,000 new option rights to certain key resources of the company.
Each option right entitles its holder to subscribe for one (1) new share at
subscription price of EUR 0.06 during the subscription period which ends on
December 31st 2012.
Subscription period for the option rights ends on December 31st 2012. The
offered option rights represent a maximum of 0.08 % of the company's registered
share amount.
In addition the company informs that total amount of 118,583,596 shares of
GeoSentric were subscribed for on April 2008 by virtue of convertible bond loans
2004A, 2007F-H and 2008-A and Special Rights 2007-I. As a result of share
subscription company's share capital shall be increased by EUR 1,185,835.96. It
is estimated that the new shares subscribed for will be registered in the trade
register on May 12th 2008 and applied for listing in OMX together with company's
existing shares as soon as practically possible.
After the registration, the total number of shares is 823,115,648.
May 7th 2008
GeoSentric Oyj
Direct press and analyst inquiries to communications@gypsii.com in the Americas
or geosentric@companycare.com in EMEA.
Distribution:
OMX Nordic Exchange Helsinki
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