PNG - Pinnacle Point Group Limited - Renewal of cautionary announcement
PNG
PNG
PNG - Pinnacle Point Group Limited - Renewal of cautionary announcement
PINNACLE POINT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2000/000059/06)
JSE Share code: PNG
NSE Share code: PNG
ISIN: ZAE000127122
("Pinnacle Point" or the "Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT - PINNACLE POINT GOLF AND BEACH RESORTS
Further to the cautionary announcements dated 24 December 2010, 04 February 2011
and 18 March 2011 respectively, shareholders are advised that the negotiations
referred to therein are still in progress.
A re-instatement agreement of sale has been entered into with effect from 18
April 2011 whereby the Main Agreement signed on 03 February 2011 has been re-
instated with amended conditions precedent and an extension of dates for proof
of funds and guarantees by 31 May 2011.
Accordingly, shareholders are advised to continue to exercise caution until a
full terms announcement is made.
Johannesburg
29 April 2011
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 29/04/2011 08:07:01 Produced by the JSE SENS Department.
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