Profile's ShareDataOnline

Wed, 5 May 2004	Official Announcement [ST]
Pinnacle withdraws cautionary announcement Further to the cautionary announcement dated 15 Mar 04, 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.
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