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Pinnacle acquires Datanet
Pinnacle has entered into an agreement to acquire 50.1% of the shareholding of Datanet Infrastructure Group (Pty) Ltd. The transaction is subject to inter alia Competition Commission approval. Datanet supplies products primarily for structured cabling solutions, 19" racking systems, purpose build electronic enclosures and complementary infrastructure products such as media converters, optical fibre CCTV and co axial for telecommunication-, data- and telephony applications. The transaction falls below the threshold of the categorisation of transactions which require disclosure in terms of the JSE's Listings Requirements.
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Pinnacle -- salient dates of dividend
All the special and ordinary resolutions proposed at the annual general meeting of Pinnacle held on 27 October 2006 at 10h00, were approved by the requisite majority of shareholders. The Resolutions pertained inter alia to a general authority to repurchase shares, the general authority to issue shares for cash and the confirmation of a dividend declared by the Directors of 7 cents per share. The salient dates pertaining to the dividend declaration are as follows:
- Last date to trade cum div Friday, 10 November
- Ordinary Shares trade ex div Monday, 13 November
- Record date to be recorded in the register to participate in the dividend distribution Friday, 17 November
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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