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PNC
PNC
PNC - Pinnacle - Update Announcement
Pinnacle Technology Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1986/000334/06)
Share code: PNC
ISIN: ZAE000022570
("Pinnacle" or "the Company")
UPDATE ANNOUNCEMENT
Shareholders are referred to the announcement released on SENS on Monday, 4 July
2011 and in the press on Tuesday, 5 July 2011, in which the details regarding
the DataNet Infrastructure Group (Pty) Limited acquisition were set out (the
"DataNet acquisition") and the second announcement released on SENS on Friday,
29 July 2011 and in the press on Monday, 1 August 2011 in which the details
regarding the acquisition of an additional interest in Centrafin (Pty) Limited
("Centrafin acquisition") were set out.
The independent expert, Mazars Corporate Finance (Pty) Limited has concluded
that the terms of the DataNet acquisition and the Centrafin acquisition with the
related parties are fair as far as the shareholders of Pinnacle are concerned.
Copies of the fairness opinions are available for inspection at the Company`s
registered office for 28 days from the date of this announcement.
Midrand
4 August 2011
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Independent expert
Mazars Corporate Finance (Pty) Limited
Date: 04/08/2011 17:00:02 Produced by the JSE SENS Department.
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information disseminated through SENS. |
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