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Pinnacle no change statement & notice of AGM
The summarised annual financial statements, which have been derived from the audited consolidated financial statements for Pinnacle for the year ended 30 June 2012, have been dispatched to shareholders today, 28 September 2012. There has been no change from the reviewed results for the year ended 30 June 2012, released on SENS on 6 September 2012. The annual financial statements were audited by the Company's auditors, BDO South Africa Inc. and their unmodified report is available for inspection at the Company's registered office. The summarised annual report contains a notice of annual general meeting for the Company, which will be held in the boardroom of the Company at the Summit, 269, 16th Street Randjespark, Midrand on Friday, 26 October 2012 at 10:00. The integrated report for the year ended 30 June 2012 will be available on the Company’s website: http://www.pinnacleholdings.co.za/Investors/ from midnight on Sunday, 30 September 2012.
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Pinnacle updated trading statement
Pinnacle provided further guidance to the market regarding the anticipated headline earnings per share ("HEPS") and earnings per share ("EPS") ranges for the year ended 30 June 2012.
Shareholders are referred to the trading statement released on SENS on 23 July 2012 which stated that the Group’s audited results for the 12 months ended 30 June 2012 was reasonably predicted to reflect a HEPS of between 170 cents per share and 177 cents per share representing an increase in HEPS of between 45% and 50% over the HEPS of 117.7 cents per share for the comparative year and an EPS of between 168 cents per share and 175 cents per share which represents an increase of between 39% and 45% over the EPS of 121.0 cents per share for the comparative year respectively.
Shareholders are now advised that the company is reasonably certain that its HEPS for the 12 months ended 30 June 2012 will still be in that range, but that the range for its EPS will be in the same range as it was advised for its HEPS, i.e. between 170 cents per share and 177 cents per share, which is between 42% and 46% up on last year's EPS of 121 cents per share.
The company's financial results for the year ended 30 June 2012 are expected to be published on or about 7 September 2012.
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