GEOSENTRIC OYJ STOCK EXCHANGE RELEASE February 26, 2013 at 15:20
NEGOTIATIONS TO COMPLETE ACQUSITION OF NEW BUSINESS CONTINUE WITH TARGET TO CLOSE DURING Q1 2013
GeoSentric Oyj announced on January 30, 2013 the signing of a term sheet regarding the acquisition of Sinophi Healthcare Limited. At the time of the announcement, GeoSentric expected that it would call an Extraordinary General Meeting to decide on the transaction within a few days of the announcement. However, based on the progress made so far in the negotiations, the parties have now agreed to complete the conclusive transaction agreements prior to publishing the notice to the Extraordinary General Meeting. This is to ensure that that all of the relevant details of the transaction terms are available at the time the EGM notice is published.
The parties continue to aim to close the transaction during the Q1/2013, subject to approval by the Extraordinary General Meeting of GeoSentric Oyj, with the terms for completion to be included in the conclusive agreements.
GEOSENTRIC OYJ
Board of Directors
Distribution:
NASDAQ OMX Helsinki
Principal news media