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Geo Genesis Group Ltd - Correction: Exercise and Issue of Options - 5 November 2009 |
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Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
5 November 2009
Geo Genesis Group Limited (`Geo Genesis' or `the Company')
Correction: Exercise and Issue of Options
The following amendment has been made to the `Exercise and Issue of Options'
announcement released on October 30 2009. The announcement should refer to `the
enlarged issued share capital of the Company is 68,375,692 Ordinary Shares' and
not `the enlarged issued share capital of the Company is 68,388,192 Ordinary
Shares' as previously announced.
The error resulted from a miscalculation of shares in issue.
All other details remain unchanged. The full amended text is shown below.
Geo Genesis Group Limited / Ticker: GEOP / Market: PLUS
30 October 2009
Geo Genesis Group Limited (`Geo Genesis' or `the Company')
Exercise and Issue of Options
The Board of Geo Genesis Group Limited, an advisory and investment company
focussed on China and other emerging markets, issued 320,000 new ordinary
shares of 1p each in the Company (`Ordinary Shares') on 28 October 2009,
pursuant to the exercise of options at a price of 5 pence by Non-executive
Chairman Marc Koplik. These shares arise from options granted from the
unallocated portion of the Company's share option plan as described in the
admission document.
On 15 September 2009, Geo Genesis' Chief Executive Officer Roger Bendelac sold
12,500 A Warrants at a price of 2.5 pence each to meet market maker
requirements.
In the announcement dated April 24, 2009 Philip Connor's shareholding of
7,837,000 was understated by 10,500 shares. Additionally, the Company failed to
disclose the purchase of 130,000 shares by Philip Connor for his son's trust
dated June 1, 2009.
Application shall be made to register the shares with PLUS within the next 21
days. The new shares will be issued and allotted and will rank pari passu with
the existing Ordinary Shares of 1p each in the Company. Following the exercise
of options, the enlarged issued share capital of the Company is 68,375,692
Ordinary Shares.
As a result of the above the total Directors shareholdings now stand at
25,527,500 ordinary shares representing 37.33% of the issued share capital.
The Directors of Geo Genesis are responsible for the contents of this
announcement.
* * ENDS * *
For further information visit www.geogenesisgroup.com or contact:
Roger Bendelac, CEO Geo Genesis Group Limited Tel: +1 (917) 969 5475
John Bridges Orange Corporate Finance Tel: 020 3301 3356
Hugo de Salis St Brides Media & Finance Tel: 020 7236 1177
Isabel Crossley St Brides Media & Finance Tel: 020 7263 1177
Notes to Editors
Geo Genesis Group Limited, a Marshall Islands registered company which listed
on PLUS in April 2008, operates as an investment vehicle and/or strategic
adviser to companies based and/or operating in emerging markets, primarily
focused in China, seeking to raise capital in the EU, Hong Kong and the United
States. Its key objectives are to generate revenue and/or acquire equity
positions in investee companies, advisory clients or assets in emerging
markets. The Company is also establishing various sector specific private
equity closed-end investment companies to invest in investee companies
directly.
END
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