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Pinnacle expects higher earnings
Shareholders are advised that for the six months ended 31 December 2011 the group's headline earnings are projected to be at least 45% higher than the results of the comparative period last year. The resulting headline earnings per share is projected to be not less than 75 cents per share, which is at least 56% higher than the results of the comparative period (31 December 2010: 48 cents per share). Earnings per share is also projected to be at least 75 cents per share being at least 56% higher than the results of the comparative period (31 December 2010: 48 cents per share). The company's financial results for the six months ended 31 December 2011 are expected to be published on or about the middle of March 2012.
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Pinnacle announce results of GM
Shareholders are referred to the circular to Pinnacle shareholders dated 5 December 2011 regarding the specific repurchase by Pinnacle and Pinnacle Holdings Ltd, a subsidiary of Pinnacle, of the entire shareholding of Amabubesi Technology Holdings Pty Ltd in Pinnacle, comprising 17 281 647 Pinnacle shares ("the repurchase"), which repurchase would be implemented by way of a scheme of arrangement. Shareholders were advised that at the general meeting of Pinnacle shareholders, all the special resolutions and the ordinary resolution were approved by the requisite majority of shareholders to effect the repurchase, with no votes being recorded against any of the resolutions. Shareholders are further advised that all the conditions precedent to the scheme have been fulfilled.
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