Result of AGM

RNS Number : 7015I

Pinnacle Technology Group PLC

27 March 2015

 

Pinnacle Technology Group plc (the "Company")

Result of Annual General Meeting

Pinnacle Technology Group plc (AIM: PINN), the AIM listed provider of converged technology solutions, announces that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.

Accordingly, on the passing of Resolution 6, the Company will issue one ordinary share of £0.01 ("Ordinary Shares") for the off-market purchase of all of the deferred shares of £0.009 outstanding in the share capital of the Company. This one Ordinary Share will be purchased by the Company's Chairman, James Dodd at a price of 1 penny. As a result of this share issue, James Dodd is interested 3,161,539 Ordinary Shares representing 6.9% of the issued share capital of the Company.

Application has been made for the admission of this share to trading on AIM and the share is expected to commence trading on Monday 30^th March 2015. Following the issue of one Ordinary Share, the total number of shares in issue is 46,018,436. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further information please contact: Pinnacle Technology Group plc Nicholas Scallan, Chief Executive James Dodd, Non-Executive Chairman 0208 185 6393 N+1 Singer (Nominated Adviser and Broker) Ben Wright Richard Salmond 020 7496 3000 Beattie Communications 0844 842 5490 Chris Gilmour David Walker

 

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