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GeoMet Declares Preferred Dividend

GeoMet Declares Preferred Dividend 
HOUSTON, TX -- (Marketwired) -- 06/06/14 --  GeoMet, Inc. (OTCQB:
GMET) (NASDAQ: GMETP) (the "Company") announced today that its Board
of Directors has declared a quarterly dividend to its preferred
stockholders covering the period April 1, 2014 through June 30, 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 June 30, 2014 to preferred
stockholders of record on June 16, 2014. In the aggregate, it is
estimated that approximately 193,400 preferred shares will be issued
in connection with this dividend. 
For more information please contact 
Tony Oviedo
Senior Vice President, Chief Financial Officer, Chief Accounting Officer and 
Controller
(713) 287-2262
toviedo@geometcbm.com
www.geometinc.com 
 
 
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