PNC
PNC
PNC - Pinnacle Technology Holdings Limited - Dealing in securities by director
Pinnacle Technology Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000022570
("Pinnacle")
Dealing in securities by director
In compliance with paragraphs 3.63 and 3.64 of the Listings Requirements of the
JSE Limited ("Listings Requirements"), the following transaction took place by a
director of Pinnacle:
Name of Director: Arnold Fourie
Nature of transaction: Zero cost collar entered into for
hedging purposes
Trade Date: 25 April 2007
Expiry Date 4 April 2008 (Tranche 1)
11 April 2008 (Tranche 2)
18 April 2008 (Tranche 3)
25 April 2008 (Tranche 4)
Underlying Pinnacle (JSE Code: PNC)
Quantity 6 million shares
Buys 1 500 000 x R3.95 European Put (100% of
spot)
1 500 000 x R 3.85 European Put (97.5%
of spot)
1 500 000 x R3.75 European Put (95% of
spot)
1 500 000 x R3.65 European Put (92.50%
of spot)
Sells 1 500 000 x R4.44 European Call (112.50%
of spot)
1 500 000 x R4.54 European Call (115% of
spot)
1 500 000 x R4.64 European Call (117.50%
of spot)
1 500 000 x R4.74 European Call (120% of
spot)
Premium Nil
Class of securities: Ordinary shares
Nature of interest: Indirect Beneficial
(held through Carmen Fourie Trust)
Clearance obtained: Yes
26 April 2007
Sponsor
Deloitte & Touche Sponsor Services
Date: 26/04/2007 13:35:01 Produced by the JSE SENS Department.
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