|18.09.2009 - The Board announced today that it will convene the Annual General Meeting (AGM) of PI Power International Limited (PI) on 7th October 2009 at 9:30 a.m. in Vienna.
The 31st December 2008 Audited Financial Statements are now available to Certificate Holders in English, and posted to the website www.powerinternational.eu. They will be available in German shortly. Further details about the upcoming AGM (agenda, Managing Director?s Letter, proxy form) are also available on the website under ?Annual General Meeting 2009?.
The Chairman of the Board, Wolfgang Vilsmeier, announced his resignation on 11th September with immediate effect. Mr. Vilsmeier stated that he believes that the current nature of the business of the company, which was mandated at the April EGM, no longer requires his involvement as a director or Chairman.
The initial guidance on the range of potential outcomes provided to Certificate Holders on 16th June 2009 continues to be appropriate in the current view of the Board of Directors. The Directors also intend to announce a further capital distribution to Certificate Holders at the AGM scheduled for 7th October.