GeoMet Declares Preferred Dividend
Houston, Texas – December 5, 2014 - GeoMet, Inc. (OTCQB: GMET OTC: GMETP) (the “Company”) announced today that its Board of Directors has declared a quarterly dividend to its preferred stockholders covering the period October 1, 2014 through December 31, 2014 to be paid through the issuance of .03125 preferred shares (“PIK Preferred Shares”) per outstanding share of preferred stock. The dividend has been calculated at an annual rate of 12.5%. Should the calculation of the dividend of PIK Preferred Shares to any preferred stockholder result in a fractional share, the portion of the dividend attributable to such fractional share will be paid in cash. The aggregate amount of cash paid for all fractional shares will be nominal. The dividend will be paid on December 31, 2014 to preferred stockholders of record on December 15, 2014. In the aggregate, it is estimated that approximately 205,600 preferred shares will be issued in connection with this dividend.
For more information please contact William A. Wiederkehr, Jr., Treasurer and Secretary, at (713) 600-4310 or email@example.com, or visit our website at www.geometinc.com.