PINNACLE TECHNOLOGY HOLDINGS LTD - Fulfilment of outstanding condition precedent regarding the acquisition of shares by Pinnacle in Datacentrix Holding

Fulfilment of outstanding condition precedent regarding the acquisition of shares by Pinnacle in Datacentrix Holding

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



FULFILMENT OF OUTSTANDING CONDITION PRECEDENT REGARDING THE ACQUISITION OF SHARES BY

PINNACLE IN DATACENTRIX HOLDINGS LIMITED (“DATACENTRIX”)


Shareholders are referred to the SENS announcement dated 6 June 2013 which advised that Pinnacle had entered
into an agreement with Co-ordinated Network Investments Proprietary Limited and Hoolican Investments Proprietary
Limited (entities managed by Sanlam Private Equity) to acquire in one indivisible transaction, 61,152,467 ordinary
shares in Datacentrix in an off-market sale and purchase approximating 29.79% of the issued ordinary share capital
of Datacentrix (the “Acquisition”), subject to the approval (to the extent required) of the Competition Authorities.


The Board of Directors of Pinnacle is pleased to announce that on 30 October 2013 Competition Authorities approval
was granted, with certain conditions, and accordingly the Acquisition is now unconditional. Pinnacle now owns
33.39% of the issued share capital of Datacentrix.


Midrand
30 October 2013

Investment bank and transaction adviser
Investec Bank Limited

Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited

Legal adviser
Tugendhaft Wapnick Banchetti and Partners

Date: 30/10/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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