GeoJunxion (GOJXN.AS) is pleased to announce that it has reached an agreement with regards to an 18-month extension to its convertible loan

Capelle aan den IJssel, The Netherlands - 14 October 2021–GeoJunxion (GOJXN.AS) announces today that it has reached an agreement with the holders of its convertible loan to extend the duration for an additional 18 months, whilst leaving the nominal interest rate unchanged. The loan, with a principal amount of €1,27 million per 30 September 2021, bears an interest rate of 9% p.a. (of which 3% is paid in cash and 6% paid in kind (PIK)). It continues to be secured by a.o. a pledge on the...

Capelle a/d Ijssel, 14/10/2021 (informazione.news - comunicati stampa - editoria e media)

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The loan, with a principal amount of €1,27 million per 30 September 2021, bears an interest rate of 9% p.a. (of which 3% is paid in cash and 6% paid in kind (PIK)). It continues to be secured by a.o. a pledge on the IP owned by GeoJunxion N.V. and a pledge on the shares of GeoJunxion B.V., the main operating subsidiary.  Under this new agreement, the updated maturity date will be 3 August 2023, which is an extension of 18 months to the current maturity date of 3 February 2022.

An overview of the other terms that were agreed upon:

Ivo Vleeschouwers, the company's CEO stated: “I am pleased with the ongoing support from the holders of the loan, who are also shareholders in the company.  It is a true testimony of their confidence in the company, in its updated strategic direction and the entire team, who has been working hard every day to turn the company around, generate new growth and improve results."

Signed by
The Management Board

Ends

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

                                                                                                             
Caroline Bombart, Head of Marketing                                                                         
Tel:  +31 (0)10 885 1200
Email: caroline.bombart@geojunxion.com