To view the PDF file, sign up for a MySharenet subscription.

PNG - Pinnacle Point Group Limited - Cautionary announcement

Release Date: 09/06/2011 16:08
Code(s): PNG
Wrap Text

PNG - Pinnacle Point Group Limited - Cautionary announcement PINNACLE POINT GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2000/000059/06) JSE Share code: PNG NSE Share code: PNG ISIN: ZAE000127122 ("Pinnacle Point" or the "Company") CAUTIONARY ANNOUNCEMENT Shareholders are advised that the board of directors have been informed that a creditor and shareholder/s intends launching an application for a business rescue, although the company has not yet received any official notification thereof. The company application is intended to be in the interests of creditors and shareholders to afford the company time in order to restructure its affairs, business, property, debt and other liabilities, and equity in a manner that maximises the likelihood of the Company continuing in existence on a solvent basis. Shareholders are also advised that a number of initiatives have commenced, and are being pursued in order to recapitalise the Company and provide funding to facilitate working capital and growth, which may remove the necessity for such an application. Shareholders will be informed of further developments in due course. Accordingly, shareholders are advised to exercise caution when dealing in their shares until a further announcement is made. Johannesburg 09 June 2011 Designated Advisor Arcay Moela Sponsors (Proprietary) Limited Date: 09/06/2011 16:08:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story