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PINNACLE TECHNOLOGY HOLDINGS LTD - Corporate bond

Release Date: 06/03/2013 16:02
Code(s): PNC     PDF:  
Wrap Text
Corporate bond

Pinnacle Technology Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1986/000334/06)
Share code: PNC    ISIN: ZAE000022570
("the Company")

CORPORATE BOND

Shareholders are advised that the Company is pursuing the possibility of
issuing a corporate bond in the initial amount of approximately
R250 000 000, depending on market conditions.

The proceeds of the bond will be used to replace the existing short term
funding of the rapidly expanding finance lease book in Centrafin (Pty) Ltd,
the Company’s financial services subsidiary, and to fund future growth of
that book.

The term of the bond is expected to be a maximum of three years.

Midrand
6 March 2013

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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