Pinnacle Technology Holdings Limited - Withdrawal Of 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)
Share code: PNC ISIN: ZAE000022570
("Pinnacle" or "the company")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT PERTAINING TO A SPECIFIC ISSUE
OF SHARES FOR CASH TO A BLACK ECONOMIC EMPOWERMENT ("BEE") ENTITY
Further to the cautionary announcement dated 15 March 2004, regarding an
investment by a BEE entity in Pinnacle by way of a specific issue of shares for
cash, the BEE entity has been unable to secure the funding to facilitate its
proposed investment in the company, on sufficiently favourable terms, and the
discussions have unfortunately been terminated as a result.
Pinnacle remains totally committed to the principle of BEE, and is engaged in
preliminary discussions with other BEE entities. Shareholders will be timeously
advised as soon as any of these discussions reach an advanced stage.
Pinnacle shareholders are accordingly advised that caution is no longer required
to be exercised when dealing in their securities on the JSE Securities Exchange
South Africa.
Midrand
5 May 2004
Sponsor
Grant Thornton Corporate Finance (Proprietary) Limited
Date: 05/05/2004 07:15:07 AM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
