PI Power International Limited
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. Further inquiry note: Metrum Communications Theo Bousek T: +43 664 8292538 E-mail: t.bousek@metrum.at end of announcement euro adhoc -------------------------------------------------------------------------------- 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