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Meinl International Power Ltd.

EANS-Adhoc: Meinl International Power Ltd.
Board of Directors decided on initial repayment to PI certificate holders

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
25.05.2009
Board of Directors decided on initial repayment to PI certificate 
holders
Jersey/Vienna, May 25, 2009 - The Board of Directors of PI Power 
International Limited announces that it has decided on the initial 
tranche for the capital repayment to certificate holders. This 
decision came after the Jersey Financial Services Commission 
confirmed the validity of the resolutions passed at the Extraordinary
General Meeting on April 21, 2009. In this first step EUR 4.40 per 
certificate will be repaid to certificate holders. The board is 
pleased to announce that - after a comprehensive re-evaluation of the
company`s assets and contractual obligations - this initial tranche 
is slightly higher than originally indicated. The board also 
anticipates additional repayments in the future. The timing and 
quantum of these future repayments will be made according to the 
progress of the ongoing sales process, realising value in other 
potential assets of the company including the resolution of 
litigation and from the resolution of the company`s contractual 
liabilities and other valid claims.
The capital repayment (except in respect of certificates held by the 
company) will be transferred to the shareholders of the company, 
including Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB") 
on or about June 1, 2009. OeKB holds 59,999,997 shares in the company
on account of the certificate holders. OeKB has been instructed to 
transfer the portion of the capital repayment received (except in 
respect of certificates held by the company) to the account holding 
banks on or about June 2, 2009, based on the deposit account balances
as of June 1, 2009. The account holding banks will then credit the 
capital repayment to the accounts of the individual certificate 
holders. No action on part of certificate holders is necessary to 
enable this capital repayment.
The ADCs of PI will trade ex-capital repayment from June 2, 2009 on.
All certificate holders are encouraged to take their own tax advice 
regarding the tax treatment of the capital repayment.
Further information on PI Power International is available at:
www.powerinternational.eu
PI Power International Limited is regulated by the Jersey Financial 
Services Commission. Registered company no. 97789.
end of announcement                               euro adhoc

Further inquiry note:

Hochegger Financial Relations GmbH, Stephanie Cekon,
T: +43 1 504 69 87 - 338, M: s.cekon@hochegger.com

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

Plus de actualités: Meinl International Power Ltd.
Plus de actualités: Meinl International Power Ltd.