To view the PDF file, sign up for a MySharenet subscription.

PINNACLE HOLDINGS LIMITED - Dealing in securities

Release Date: 11/03/2016 16:00
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, a director of a major subsidiary of Pinnacle:

Name of Director                                 G J Wiehahn
Position                                         Executive Director of a major subsidiary
Nature of Interest                               Direct / Beneficial
Type of Transaction                              Sale of Securities
Class of Security                                Ordinary shares in Pinnacle
Number of shares                                 2 trades totalling 76 019 shares
Price - High                                     1266.90 cents
    - Weighted average                           1261.28 cents
    - Lowest                                     1259.79 cents
Value of Transaction                             R 958 818
Date of Transaction                              8 March 2016

Name of Director                                 GJ Wiehahn
Position                                         Executive Director of a major subsidiary
Nature of Interest                               Direct / Beneficial
Type of Transaction                              Sale of Securities
Class of Security                                Ordinary shares in Pinnacle
Number of shares                                 3 trades totalling 26 881 shares
Price - High                                     1260.00 cents
    - Weighted average                           1259.92 cents
    - Lowest                                     1259.00 cents
Value of Transaction                             R 338 678
Date of Transaction                              9 March 2016

Name of Director                                 GJ Wiehahn
Position                                         Executive Director of a major subsidiary
Nature of Interest                               Direct / Beneficial
Type of Transaction                              Sale of Securities
Class of Security                                Ordinary shares in Pinnacle
Number of shares                                 1 trade totalling 92 100 shares
Price Per Share                                  1256.28 cents
Value of Transaction                             R 1 157 033
Date of Transaction                              10 March 2016

The shares were acquired through the Pinnacle Share Purchase Scheme Trust. 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. 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
11 March 2016
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 11/03/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story