CEO Director Buy

RNS Number : 3055P

Pinnacle Telecom Group PLC

14 July 2010

 



14 July 2010

Pinnacle Telecom Group plc

Director Buy

Pinnacle Telecom Group plc ("Pinnacle" or the "Company" (AIM: PINN)) the AIM listed provider of integrated telecommunications solutions, announces that it was notified today that Alan J Bonner, Chief Executive Officer, bought 2,000,000 Ordinary Shares in the Company on July 13^th 2010.

Total value of the transactions:	£6,355.00
Average price:	0.32 pence per share
Highest price:	0.33 pence per share
Lowest price:	0.31 pence per share

Following this purchase Mr. Bonner is interested in 174,791,257 Ordinary Shares, representing approximately 10.05 per cent of the issued share capital of the Company. 

For further information please contact:
Pinnacle Telecom Group plc
Alan J Bonner, Chief Executive	0845 119 2100
Zeus Capital Limited
Ross Andrews	0161 831 1512
Rivington Street Corporate Finance Limited
Jon Levinson & Leo Godsall	0207 562 3389

All Company announcements & news can be found on http://www.pinnacletelecomgroup.co.uk

Notes to editors

About Pinnacle

Pinnacle Telecom Group plc is a value added, solutions based provider of integrated telecommunications services including IP solutions. It focuses on the SME market across the UK, where it provides a wide range of communications solutions including telecommunications calls, access and consultancy, IT support, mobile solutions both voice and data and hosted broadband voice services.

Pinnacle underwent a fundamental restructuring during late 2007 - a process that has taken over two years to show concrete results - and which included the disposals of Eclectic and inGroup and a focus toward recurring revenue streams (88% of revenues in 2009 up from 33% in 2008) from non-recurring projects. Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Virgin Media and THUS. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP (and a founder member of Nominet), operating from its data centres in Glasgow, London and Brighton.

Pinnacle's strategy is to be a SME focused, value added, solutions based provider of converged communications services, driven by leveraging organic opportunities as well as through targeted acquisitions. 

 

END

 

 

RDSDDGDRXDBBGGX