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PINNACLE TECHNOLOGY HOLDINGS LTD - Dealing in securities by director

Release Date: 18/12/2013 17:26
Code(s): PNC     PDF:  
Wrap Text
Dealing in securities by director

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

Dealing in securities by director

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 an executive director of Pinnacle:

Name of Director      : Arnold Fourie
Designation           :  Chief Executive Officer 
Nature of Transaction : Disposal (Arising from the expiry of zero cost collar entered into on 14 December 2012 at a put strike price of 1708 cents per share)  
Nature of Interest – Indirect Beneficial (Held through Carmen Fourie Family Trust)
Number of shares:  1 200 000 
Price: 1870 cents
Date : 12 December 2013
Total value or transaction: R22 440 000
Clearance Obtained: Yes


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

Midrand
18 December 2013


Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd




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