|15.10.2013 - The Board of Directors of PI Power International Limited (in liquidation) (PI) announces that it has issued its annual report for the year ended 31st December 2012. The annual report has been posted to the Company’s web site in anticipation of the annual general meeting to be held on 29th October 2013, as previously reported.
The Board also wishes to revise the guidance regarding the range of potential outcomes provided to Certificate Holders at the annual general meeting on 12th July 2012. Following a meeting of the Board and a full evaluation of the current circumstances of the Company, the Board of Directors revises its estimate of further cash repayments to Certificate Holders, in addition to cash repayments to date of EUR 7.80, to between EUR 0.07 and EUR 0.35 per share/certificate, excluding certificates held by PI. This compares to previous guidance of further cash repayments between EUR 0.10 and EUR 0.38. Further details and explanation will be provided at the AGM. The AGM presentation will be available on the PI website simultaneous to the commencement of the AGM.