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Launch of sponsored Level 1 American Depository Receipt Program
Pinnacle Technology Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000022570
(“Pinnacle” or the “Company”)
LAUNCH OF SPONSORED LEVEL 1 AMERICAN DEPOSITORY RECEIPT PROGRAM
Pinnacle announces the launch of a sponsored Level 1 American Depository
Receipt ("ADR") programme which will become effective during the week
commencing 20 August 2012. Bank of New York Mellon (“BNY Mellon”) has been
appointed as the depository bank for the ADR Program. ADRs will trade on the
over-the-counter (“OTC”) markets in the United States.
“Pinnacle is pleased to be launching this programme, which will position
Pinnacle shares in the larger US markets with their wider range of investors.
It will also broaden the international exposure, not only of our securities but
also our business operations, which should enhance our image with international
business partners. We look forward to working closely with BNY Mellon on this
programme and we are confident that it will be a success” said Arnold Fourie,
Chief Executive Officer of Pinnacle.
For all investor relations queries, please contact:
Chris Smyth, Chief Financial Officer, Telephone number: +27 11 265 3216
Midrand
8 August 2012
Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited
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