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Section 45 financial assistance announcement
Pinnacle Technology Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000022570
(“Pinnacle”)
Section 45 financial assistance announcement
In terms of section 45(5) of the Companies Act, written notice is to be provided to
shareholders containing details of a resolution passed by the board authorizing the
provision of direct or indirect financial assistance to a related or inter-related
company.
The resolution passed by the board of directors of Pinnacle on 22 November 2103 is
as follows:
Resolved that, to the extent required by the Companies Act, the board of directors
of the Company may, subject to compliance with the requirements of the Company’s
Memorandum of Incorporation, the Companies Act, and the Listings Requirements of
the JSE, each as presently constituted and as amended from time to time, authorize
the Company to provide any additional direct or indirect financial assistance by
way of loan, guarantee, the provision of security or otherwise, to any of its
present or future subsidiaries and/or any other Company or corporation that is or
becomes related or inter-related to the Company, for any purpose or in connection
with any matter, including, but not limited to, the subscription of any option, or
any securities issued or to be issued by the Company or a related or interrelated
Company, or for the purchase of any securities of the Company or a related or
inter-related Company limited to the maximum of R500 Million effective to the date
of the next AGM , but as determined by the Chief Financial Officer of the Company
from time to time regarding actual payments.
Midrand
26 November 2013
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
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