Pinnacle Technology Group PLC Result of General Meeting (6045X)

TIDMPINN

RNS Number : 6045X

Pinnacle Technology Group PLC

20 November 2014

20 November 2014

PINNACLE TECHNOLOGY GROUP PLC

("Pinnacle" or the "Company")

RESULT OF GENERAL MEETING

Pinnacle is pleased to announce that at the General Meeting held earlier today, the Resolutions proposed in connection with the Placing and Open Offer were passed by Shareholders.

Accordingly, application has been made to AIM for the admission of 8,684,147 new Ordinary Shares issued pursuant to the Placing and Open Offer, such admission being expected on 21 November 2014. The Open Offer Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares of 0.1 pence each.

The new Ordinary Shares (in uncertificated form) are expected to be credited to CREST accounts on 21 November 2014 and definitive share certificates for the new Ordinary Shares (in certificated form) are expected to be despatched to certificated shareholders by 1 December 2014.

The following table sets out the Directors' shareholdings and percentage interests in the issued share capital of the Company following Admission, including shares taken up by Directors in the Open Offer:

 
                                                                                      Number 
                                                                       Number    of Ordinary   % of Ordinary 
                                                         Number       of Open         Shares          Shares 
                           Number                    of Placing         Offer      following     of Enlarged 
                      of Existing   % of Existing        Shares        Shares    the Placing          Issued 
                         Ordinary        Ordinary    subscribed    subscribed       and Open           Share 
 Director                  Shares          Shares           for           for          Offer         Capital 
 James Dodd             1,512,308           4.05%       769,230       800,000      3,081,538           6.70% 
 Thomas Black           2,147,737           5.75%     1,538,461             -      3,686,198           8.01% 
 Nicholas Scallan         270,019           0.72%       230,769        14,083        514,871           1.12% 
 

Following Admission of the new Ordinary Shares and in accordance with Disclosure and Transparency Rules, the Company's issued voting share capital will be comprised of 46,018,435 Ordinary Shares of 0.1 pence each.

The above figure may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Pinnacle under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
 Pinnacle Technology Group plc 
  Nicholas Scallan, Chief Executive 
  James Dodd, Non-executive Chairman    020 8185 6393 
 N+1 Singer 
  Ben Wright 
  Richard Salmond                       020 7496 3000 
 Beattie Communications                 0844 842 5490 
  Chris Gilmour                          07730 415 036 
  Neil McDonald                          01698 787 855 
  David Walker                           01698 787 848 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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