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PNC
PNC
PNC - Pinnacle Technology Holdings Limited - Results of general meeting
Pinnacle Technology Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000022570
("Pinnacle" or "the Company")
RESULTS OF GENERAL MEETING
Shareholders are referred to the circular to Pinnacle shareholders dated 5
December 2011 regarding the specific repurchase by Pinnacle and Pinnacle
Holdings Limited, a subsidiary of Pinnacle, of the entire shareholding of
Amabubesi Technology Holdings Proprietary Limited in Pinnacle, comprising 17
281 647 Pinnacle shares ("the repurchase"), which repurchase would be
implemented by way of a Scheme of Arrangement in terms of section 114(1)(e)
of the Companies Act No 71 of 2008, as read with section 115 ("the Scheme").
Shareholders are advised that at the general meeting of Pinnacle shareholders
held today, 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. The special
resolutions will be filed with the Companies and Intellectual Property
Commission in due course.
Shareholders are further advised that all the conditions precedent to the
Scheme have been fulfilled.
Midrand
6 January 2012
Sponsor:
Deloitte & Touche Sponsor Services (Pty) Limited
Attorneys:
Tugendhaft Wapnick Banchetti and Partners
Date: 06/01/2012 16:42:16 Produced by the JSE SENS Department.
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