Capelle aan den IJssel, The Netherlands – 04 May 2023 – GeoJunxion (GOJXN.AS) received the Euronext notification about the start of the delisting process in accordance with rules 6905/1 and 6905/2.
As previously reported in the press release dated 14 April 2023, after the expiry of the 24-months period given by Euronext Amsterdam, on 13 April 2023, we received a letter from Euronext confirming ongoing non-compliance with respect to not having audited annual accounts for the financial years 2019, 2020 and 2021 available and their intention to proceed with a delisting process.
GeoJunxion formally objected to this decision from Euronext on 25 April 2023.
However, an additional letter was received from Euronext yesterday evening, 3 May 2023, confirming that, due to the ongoing non-compliance, the delisting process will start, with the effective date of delisting scheduled for 6 November 2023.
We continue working to find alternative solutions, exploring various possible paths, with the intent to secure a solid future for the Company, in the best interest of all stakeholders involved. The letter received from Euronext qualified as an event of default under the convertible loan agreement. As a result of this, the loan has become immediately due and payable to the lenders. However, we have received a suspension of rights letter, in which the lenders have suspended their enforcement rights under the convertible loan agreement. This suspension is valid for a limited period of time, during which we are negotiating an alternative solution.
GeoJunxion is the crossroads where fundamental, location-aware content connects with superior, customised intelligence and highly focused innovations to empower exceptional experiences. With an emphasis on safety and sustainability, we are constantly expanding our portfolio to meet the demands of a diverse and fast-evolving market. Building on decades of experience in mapping, the company focuses on high value, dynamic content and building environmentally conscious applications, which enrich safety in everyday life. With location-aware content at our core, we know where our strengths lie and have the know-how and technology needed to offer unrivalled, intelligent products and services.
GeoJunxion NV is listed on the regulated market of Euronext Amsterdam, under the symbol GOJXN.AS
GeoJunxion Press Contact
Tel: +31 (0)10 885 1200
This is a public announcement by GeoJunxion N.V., pursuant to article 17, paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or solicitation of an offer, to buy or offer securities in GeoJunxion N.V.