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PINNACLE TECHNOLOGY HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 86/00334/06)
("PINNACLE" OR "THE COMPANY")
ABRIDGED PRE-LISTING STATEMENT OF PINNACLE AND COMMENCEMENT OF LISTING
THIS ABRIDGED PRE-LISTING STATEMENT IS NOT AN INVITATION TO THE PUBLIC TO
SUBSCRIBE FOR SHARES IN PINNACLE. THE INFORMATION BELOW IS PROVIDED IN TERMS OF
THE LISTING REQUIREMENTS OF THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") WITH
REGARD TO PRE-LISTING STATEMENTS AND HAS BEEN EXTRACTED FROM THE DETAILED
PRE-LISTING STATEMENT OF THE PINNACLE DATED 14 JULY 1999 WHICH IS AVAILABLE FOR
INSPECTION AS SET OUT BELOW.
1. NATURE OF BUSINESS AND PROSPECTS
THE PINNACLE GROUP IS A LEADING SUPPLIER OF IT PRODUCTS AND SERVICES, THESE
INCLUDE COMPUTERS, PERIPHERALS AND NETWORKING PRODUCTS, AS WELL AS VALUE-ADDED
SALES AND SUPPORT SERVICES AND INSTALLATION AND FINANCING SCHEMES. PINNACLE
ALSO OFFERS INTERNET VALUE ADDED SERVICES, UNIFIED MESSAGING SERVICES AND IS
THE FIRST COMPANY IN SOUTH AFRICA TO OFFER MASS INTERNET PROTOCOL DATA DELIVERY
VIA SATELLITE. PINNACLE'S PRODUCTS ARE SUPPLIED TO VALUE-ADDED RESELLERS,
SOLUTIONS PROVIDERS, SYSTEM PROVIDERS, CORPORATE IT USERS AND GOVERNMENT
DEPARTMENTS. PINNACLE PRIDES ITSELF ON PROVIDING A VALUE-ADDED SERVICE THAT
SUPPORTS THE CORE PRODUCTS AND SERVICES. CUSTOMERS ARE PROVIDED WITH PROJECT
MANAGEMENT AND DESIGN SERVICES, SALES ASSISTANCE, PRE- AND POST-SALE SUPPORT,
INSTALLATION SERVICES AND INNOVATIVE FINANCING SCHEMES THROUGH INVESCOR.
PINNACLE IS CONTINUALLY STRIVING TO EXCEL BY OFFERING LEADING EDGE TECHNOLOGY
AND UNCOMPROMISING QUALITY OF PRODUCTS AND SERVICE AT HIGHLY COMPETITIVE RATES.
PINNACLE WILL BE A MORE FOCUSED COMPANY OPERATING EXCLUSIVELY IN THE IT SECTOR.
PINNACLE'S ABILITY TO IDENTIFY AND CAPITALISE ON THE GROUP'S SYNERGIES WILL
CREATE OPPORTUNITIES FOR FURTHER GROWTH. PINNACLE IS A DOMINANT AND MAJOR FORCE
IN PROVIDING GOVERNMENT, CORPORATE AND PRIVATE MARKETS IN SOUTH AFRICA AND
ZIMBABWE WITH HIGH QUALITY, COST EFFECTIVE PERSONAL COMPUTERS, NOTEBOOKS AND
COMPUTER PERIPHERALS, AS WELL AS OFF-BALANCE SHEET FINANCING FOR THE
ACQUISITION OF COMPREHENSIVE IT SOLUTIONS. THESE FACTORS TOGETHER WITH THE
ESTABLISHMENT OF INFOLINE AS THE FIRST INTERNET COMPANY TO OFFER UNIFIED
INTERNET SERVICES AND SATELLITE TECHNOLOGY, WILL PROVIDE LONG TERM, SUSTAINABLE
GROWTH FOR PINNACLE.
2. SHARE CAPITAL
THE AUTHORISED AND ISSUED SHARE CAPITAL OF PINNACLE IS AS FOLLOWS:
AUTHORISED
300 000 000 SHARES OF ONE CENT EACH 3 000 000
ISSUED
120 882 350 SHARES OF ONE CENT EACH 1 208 824
3. SUMMARY OF FINANCIAL INFORMATION
FINANCIAL STATISTICS
UNAUDITED
INTERIM
FORECAST RESULTS FOR THE PRO FORMA
FOR THE SIX MONTHS COMBINED
YEAR ENDED ENDED YEAR ENDED
30 JUNE 31 DECEMBER 30 JUNE
1999 1998 1998
ATTRIBUTABLE INCOME (R'000)* 8 000 2 669 (21 925)
FULLY DILUTED EARNINGS PER SHARE
(CENTS) 6,62 2,21 -
PRICE: EARNINGS RATIO ON ISSUE
PRICE OF 85 CENTS (TIMES) 12,82 38,46 -
EARNINGS YIELD ON ISSUE PRICE (%) 7,79 0,03 -
FULLY DILUTED NET ASSET VALUE
PER SHARE (CENTS) - 25,96 -
FULLY DILUTED NET TANGIBLE
ASSET VALUE PER SHARE (CENTS) - 22,80 -
NUMBER OF SHARES IN ISSUE
('000)** 120 882 120 882 120 882
* FOR THE DETAILED ASSUMPTIONS ON THE PROFIT FORECAST REFER TO PARAGRAPH 13.1
OF THE DETAILED PRE-LISTING STATEMENT.
** THE TOTAL NUMBER OF SHARES IN ISSUE WITH EFFECT FROM THE TRANSFER OF THE
COMPANIES LISTING TO THE VENTURE CAPITAL MARKET OF THE JSE LIST.
4. DIRECTORS OF PINNACLE.COM
THE FULL NAMES, AGES AND ADDRESSES OF THE DIRECTORS OF PINNACLE ARE SET OUT
BELOW:
NAME ADDRESS DESIGNATION
DR DANISA BALOYI (43) 128 FIFTEENTH STREET, CHAIRPERSON
RANDJESPARK, MIDRAND, 1685
ARNOLDUS JOHANNES FOURIE (37) 128 FIFTEENTH STREET, CHIEF EXECUTIVE
B.ENG. (CHEM) MSC (CHEM) RANDJESPARK, MIDRAND, 1685 OFFICER
AHMED MAHOMED (37) 128 FIFTEENTH STREET, EXECUTIVE
B PROC RANDJESPARK, MIDRAND, 1685 DIRECTOR
ASHLEY TUGENDHAFT (51) 128 FIFTEENTH STREET, NON-EXECUTIVE
BA, LLB (WITS) RANDJESPARK, MIDRAND, 1685 DIRECTOR
YUSAF ASMAL (39) 128 FIFTEENTH STREET, NON-EXECUTIVE
RANDJESPARK, MIDRAND, 1685 DIRECTOR
THE REGISTERED ADDRESS OF THE COMPANY IS 128 FIFTEENTH STREET, RANDJESPARK,
MIDRAND, 1685 AND THE COMPANY SECRETARY IS KATINKA BEESLAAR.
5. LISTING ON THE JSE
THE JSE HAS APPROVED THE LISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF THE
COMPANY UNDER THE ABBREVIATED NAME "PINNACLE" IN THE VENTURE CAPITAL MARKET OF
THE JSE LIST WITH EFFECT FROM COMMENCEMENT OF BUSINESS TODAY.
6. DETAILED PRE-LISTING STATEMENT
COPIES OF THE DETAILED PRE-LISTING STATEMENT ARE AVAILABLE DURING NORMAL
BUSINESS HOURS FROM 09:00 TO 17:00 AT THE OFFICES OF:
- PINNACLE TECHNOLOGY HOLDINGS LIMITED, 128 FIFTEENTH STREET, RANDJESPARK,
MIDRAND, 1685;
- GREENWICH CAPITAL (PROPRIETARY) LIMITED, 21B IMPALA ROAD, CHISLEHURSTON,
SANDTON, 2146;
- GREENWICH SECURITIES (PROPRIETARY) LIMITED, 21B IMPALA ROAD, CHISLEHURSTON,
SANDTON, 2146;
- MERCANTILE REGISTRARS LIMITED, 10TH FLOOR, FIRST NATIONAL HOUSE, 11 DIAGONAL
STREET, JOHANNESBURG, 2001;
- MOSS-MORRIS INC, 20TH FLOOR, SANDTON CITY, 5TH STREET, SANDTON, 2146; OR
- ANY OTHER BROKING MEMBER OF THE JSE.
JOHANNESBURG
10 AUGUST 1999
CORPORATE ADVISORS
GREENWICH CAPITAL (PTY) LTD
(REGISTRATION NUMBER 97/10123/07)
SPONSORING BROKER
GREENWICH SECURITIES (PTY) LTD
(REGISTRATION NUMBER 97/09716/07)
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
ATTORNEYS
MOSS-MORRIS INC.
(REGISTRATION NUMBER 94/08751/21)
AUDITORS AND REPORTING ACCOUNTANTS
MOORES ROWLAND
CHARTERED ACCOUNTANTS (SA)
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