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Pinnacle - release date of results
Pinnacle advised shareholders that it intends to release its interim results on the afternoon of 2 March 2017.
Shareholders can join a live webcast on the 3 March 2017, starting at 10h00 (with registration from 09h40) at www.pinnacleholdings.co.za or by following the URL www.corpcam.com/Pinnacle03032017. A delayed version of the webcast will made available shortly afterwards at the same address. Investor presentations will be made available under the investor section of the Pinnacle website at www.pinnacleholdings.co.za/index.php/investor-relations/download- reports/june-2017.
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Pinnacle - finalisation of name change dates
Shareholders are referred to the announcement released on SENS on Friday, 25 November 2016 advising, inter alia, that the special resolution to approve the change of the company’s name from Pinnacle Holdings Ltd. to Alviva Holdings Ltd. was approved by the requisite majority of votes at the annual general meeting of shareholders (“the special resolution”).
Shareholders are advised that the special resolution has been registered with the Companies and Intellectual Property Commission. There are no further conditions precedent outstanding. Accordingly, the salient dates for the name change, as announced on SENS on Friday, 30 September 2016, remained unchanged and are as follows:
- Finalisation date in respect of the change of name of the company - Tuesday, 21 February 2017
- Last day to trade in Pinnacle shares in respect of the change of name of the company - Tuesday, 7 March 2017
- Listing of and trading in new shares on the JSE Limited under JSE code AVV and ISIN: ZAE000227484 from commencement of business on Wednesday, 8 March 2017
- Record date - Friday, 10 March 2017
- Date of issue of new replacement share certificates provided that the old share certificates have been lodged by 12:00 on the record date (share certificates received after this time will be posted within five business days of receipt) on Monday, 13 March 2017
- Dematerialised shareholders will have their accounts at their CSDP or broker updated on Monday, 13 March 2017
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Pinnacle - voluntary trading statement and update
Shareholders are advised that the Company is reasonably certain that its interim results for the 6 months ended 31 December 2016 will reflect the following:
6 months to 31 December 2016 expected values; 6 months to 31 December 2015 actual; 6 months to 31 December 2016 expected change percentage
- Revenue - R6,300 to R6.375 million; R4.331 million; +45% to +47%
- Headline earnings - R170 to R180 million; R150 million; +13% to +20%
- EPS - 103 to 108 cents; 94.4 cents; +9% to +14%
- HEPS - 104 to 108 cents; 94.1 cents; +11% to +15%
- The acquisitions of Datacentrix Holdings Ltd. and Solareff (Pty) td. in the second half of the last financial year have contributed to the growth in revenue for the six months ended 31 December 2016.
- All operations within the group have performed in line with, or in excess of, our expectations, contributing to a pleasing increase in the profitability of the group.
The above information has not been reviewed or reported on by the Company's auditors. The Company's unaudited interim financial results for the six months ended 31 December 2016 are expected to be published on SENS on or about 2 March 2017.
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Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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