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PINNACLE TECHNOLOGY HOLDINGS LTD - Dealing in securities by a family trust of Mr A J Fourie, a director of Pinnacle

Release Date: 14/12/2012 08:00
Code(s): PNC
Wrap Text
Dealing in securities by a family trust of Mr A J Fourie, a director of Pinnacle

Pinnacle Technology Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000022570
(“Pinnacle” or the “Company”)

Dealing in securities by a family trust of Mr A J Fourie, a
director of Pinnacle

In compliance with paragraphs 3.63 and 3.64 of the Listings
Requirements of the JSE Limited (“Listings Requirements”), the
following off-market dealing took place by a director of Pinnacle:

Name of trust:           The Carmen Fourie Family Trust
Name of director:        A J Fourie
Position                 Director
Nature of Interest       Indirect / Beneficial
Class of securities:     Ordinary shares
Transaction date:        12 December 2012
Nature of transaction:   Zero premium collars entered into for
                         hedging purposes comprising five tranches
                         of 1 200 000 collars per tranche with a
                         put strike price of 1708 cents per share
                         (“cps”) and individual call strike prices
                         and expiry dates as;

                         Tranche   1:   1870   cps,   12   December 2013
                         Tranche   2:   1894   cps,   13   January 2014
                         Tranche   3:   1906   cps,   12   February 2014
                         Tranche   4:   1917   cps,   12   March 2014
                         Tranche   5:   1927   cps,   14   April 2014

Clearance to deal was obtained in terms of paragraph 3.66 of the
Listings Requirements.

Midrand
14 December 2012

Sponsor
Deloitte and Touche Sponsor Services (Pty) Limited

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