PNG - Pinnacle Point Group - Dual Listing on the Nigerian Stock Exchange (NSE)
PNG
PNG
PNG - Pinnacle Point Group - Dual Listing on the Nigerian Stock Exchange ("NSE")
PINNACLE POINT GROUP LIMITED
(Formerly Acc-Ross Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/000059/06)
Share code: PNG & ISIN: ZAE000127122
("Pinnacle" or "the company")
DUAL LISTING ON THE NIGERIAN STOCK EXCHANGE ("NSE")
The board of directors is pleased to announce that the formalities for Pinnacle
to list on the NSE have been completed. South African Reserve Bank approval has
now been obtained for the dual listing and we expect NSE approval on 11 March
2009. It is anticipated that the dual listing will take place on 13 March 2009
to coincide with the intended launch of the group`s exclusive resort, golf and
residential development known as "Lagos Keys" in Lagos, Nigeria.
Rationale for the secondary listing includes, inter alia, increasing the
exposure and profile of the group in Nigeria in conjunction with the above
launch, to increase the shareholder base of Pinnacle and to provide access to
capital in other markets.
Johannesburg
4 March 2009
Designated Advisor
Arcay Moela Sponsors (Pty) Ltd
Registration Number: 2006/033725/07
Date: 04/03/2009 14:35:02 Produced by the JSE SENS Department.
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