PI Power International Limited

EANS-Adhoc: PI Power International Limited (in liquidation)
Board of Directors announces final capital repayment of EUR 0.0325 per share or certificate and dissolution of the Company

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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29.09.2017

St Helier, Jersey, Channel Islands - Jersey/Vienna September 29, 2017 - On the
basis of the authorization granted at the Annual General Meeting held on July
12, 2012, the Board of Directors of PI Power International Limited (in
liquidation) ("PI" or the "Company") announces that it will make a final
repayment of capital to shareholders and certificate holders in the amount of
EUR 0.0325 for each eligible share or certificate. Thereby the total amount of
all capital repayments distributed to the PI shareholders and certificate
holders increases to EUR 7.8325 per share or certificate. This will be the final
capital repayment, subsequent to which the Company will be dissolved.

In respect of the certificates, the Company will transfer the repayment amount
to Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB"), which holds
59,999,997 shares in the Company on the account of the certificate holders. OeKB
will transfer the portion of the capital repayment received to the certificate
holders by crediting the respective amounts to the account holding banks. It is
anticipated that this transfer will take place on or about October 4, 2017,
based on the deposit account balances booked on September 29, 2017. OeKB will
not make any payments for treasury certificates held by the Company.

The Board of Directors will then submit a statement to the Jersey Registrar of
Companies that PI has no more assets or liabilities. The Board of Directors
anticipates that the dissolution of PI will occur within days after the final
repayment of capital. Upon issuance of an acknowledgment by the Jersey Registrar
of Companies confirming the dissolution of PI, the shares of PI will be null and
void and the Vienna Stock Exchange will delist and OeKB will cancel the
certificates.

Further information on PI Power International Limited (in liquidation) is
available for a limited time at: www.powerinternational.eu [http://
www.powerinternational.eu/]




Further inquiry note:
Investor Relations & Public Relations
Metrum Communications
Stefan Trittner
T: +43 (1) 504 69 87 - 341
M: s.trittner@metrum.at


end of announcement                         euro adhoc
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issuer:       PI Power International Limited (in liquidation)
              1st Floor, 7 Bond Street 
              A-JE2 3NP St Helier, Jersey, Channel Islands
phone:        
FAX:          
mail:      info@powerinternational.eu
WWW:       www.powerinternational.eu
ISIN:         AT0000A05W59
indexes:      
stockmarkets: Wien
language:     English
 



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