PINNACLE TECHNOLOGY HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT PERTAINING TO A
SPECIFIC ISSUE OF SHARES FOR CASH TO A BLACK ECONOMIC EMPOWERMENT ("BEE") ENTITY
Pinnacle Technology Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1986/000334/06)
("Pinnacle" or "the company")
Share Code : PMC
ISIN ZAE000022570
CAUTIONARY ANNOUNCEMENT PERTAINING TO A SPECIFIC ISSUE OF SHARES FOR CASH TO A
BLACK ECONOMIC EMPOWERMENT ("BEE") ENTITY
Pinnacle is in advanced discussions with a BEE entity, Rokunda Investment
Holdings (Proprietary) Limited ("Rokunda"), in terms of which Rokunda intends
to subscribe, by way of a specific issue of shares for cash, for an effective
26% shareholding in the company.
The shares will be issued at a negotiated discount to the prevailing market
price.
Pinnacle shareholders are advised to exercise caution when dealing in their
shares on the JSE Securities Exchange South Africa, until such time as a
further announcement is made in this regard.
Midrand
27 January 2004
Sponsor
Grant Thornton Kessel Feinstein
Corporate Finance (Pty) Ltd
(Registration number 2000/003541/07)
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