PI Power International Limited

EANS-News: PI Power International Limited
Board of Directors announces fourth capital repayment of EUR 0.50 per certificate

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Strategic management decisions

St Helier, Jersey, Channel Islands (euro adhoc) - Jersey/Vienna, November 24, 2010 - On the basis of the authorization granted at the Annual General Meeting held on October 7, 2009, the Board of Directors of PI Power International Limited (PI) decided on November 22, 2010 to make a capital repayment in cash to shareholders of EUR 0.50 for each eligible certificate. Thereby the total amount of all capital repayments distributed to the PI certificate holders hitherto increases to EUR 7.80 per certificate.

Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB"), which holds 59,999,997 shares in the company on the account of certificate holders, will transfer the portion of the capital repayment received to the certificate holders by crediting the respective amounts to the account holding banks. This transfer will take place as of November 30, 2010, based on the deposit account balances booked on November 29, 2010. OeKB will not make any payments for treasury certificates held by the company.

Trading ex-capital repayment will take place starting on November 30, 2010.

This fourth capital repayment follows the initial capital repayment amounting to EUR 4.40 per certificate at the beginning of June 2009, the second capital repayment amounting to EUR 2.50 per certificate at the end of October 2009, and the third capital repayment amounting to EUR 0.40 per certificate at the beginning of August, 2010.

end of announcement                               euro adhoc
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Further inquiry note:

Investor Relations and Public Relations
Metrum Communications GmbH
Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@metrum.at

Michaela Lipa
T: +43 1 504 69 87-341
M: m.lipa@metrum.at

Branche: Energy
ISIN: AT0000A05W59
WKN:
Index: other listings
Börsen: Wien / Third Market

Original-Content von: PI Power International Limited, übermittelt durch news aktuell

Weitere Meldungen: PI Power International Limited

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