OTE0003 5 WB 0219 CNE0001 WA Fr, 20.Jän 2017
Strategic management decisions

EANS-News: PI Power International Limited (in liquidation)/ Board Announces It Intends to Sell Stratius Investments Limited

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.

Strategic management decisions

The board of directors (the Board) of PI Power International Limited (in liquidation) (the Company) has decided to sell Stratius Investments Limited, the Company's Cyprus-registered subsidiary (Stratius) that holds the claim for the arbitration award in relation to the Karpat Energo investment.

The Company intends to undertake an auction process in order to sell Stratius to an interested party, in accordance with the special shareholder resolution approved during the extraordinary general meeting of April 2009.

end of announcement euro adhoc

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company: PI Power International Limited 1st Floor, 7 Bond Street A-JE2 3NP St Helier, Jersey, Channel Islands

mail: info@powerinternational.eu WWW: www.powerinternational.eu sector: Energy ISIN: AT0000A05W59 indexes: other securities.at stockmarkets: Third Market: Wien language: English

Digital press kit: http://www.ots.at/pressemappe/5571/aom

Rückfragen & Kontakt:

Metrum Communications
Theo Bousek
T: +43 664 8292538
E-mail: t.bousek@metrum.at

***ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER***

OTE0003 2017-01-20/18:11