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PINNACLE HOLDINGS LTD - Dealing in securities

Release Date: 10/09/2015 16:59
Code(s): PNC     PDF:  
Wrap Text
Dealing in securities

Pinnacle Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle”)

Dealing in securities

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 Mr HMP Ferreira, a director of a major subsidiary of Pinnacle:

Name of Director                                  HMP Ferreira
Position                                          Executive Director
Nature of Interest                                Direct / Beneficial
Type of Transaction                               Sale of Securities
Class of Security                                 Ordinary shares in Pinnacle
Number of shares                                  154 trades totalling 250 000 shares
Price - High                                      1270 cents
    - Weighted average                            1238.07 cents
    - Lowest                                      1230 cents
Value of Transaction                              R 3 095 175
Date of Transaction                               9 September 2015

These shares had been acquired three years ago through the Pinnacle Share Purchase Scheme. The restrictive period,
whereby the shares were unable to be traded, had passed and the share debt incurred on the acquisition of the
shares needed to be settled. Most of the proceeds from the sale of the shares are to be applied to settle the share
debt.

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

Midrand
10 September 2015

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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