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PINNACLE TECHNOLOGY HOLDINGS LTD - Dealing in securities by a family trust of a director of a major subsidiary

Release Date: 31/12/2012 11:28
Code(s): PNC     PDF:  
Wrap Text
Dealing in securities by a family trust of a director of a major subsidiary

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


Dealing in   securities   by   a   family   trust   of   a   director   of   a   major
subsidiary

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

Name of Trust                  The Marx Family Trust
Name of Director               S Marx
Position                       Executive director of a major subsidiary
Nature of Interest             Indirect/Beneficial
Type of Transaction            Sale of securities
Class of Security              Ordinary shares in Pinnacle
Number of shares               8 trades totalling 11 200 shares
Price - Highest                1820 cents per share (“cps”)
       - Weighted Average      1817.08 cps
       - Lowest                1815 cps
Total Value of Transactions    R203 513.00
Date of Transaction            28 December 2012

The trades were done on-market and clearance to deal was obtained in
terms of paragraph 3.66 of the Listings Requirements.

Midrand
31 December 2012

Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

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