Stmnt re Share Price Movement

RNS Number : 0349U

Pinnacle Telecom Group PLC

17 June 2009

 



17 June 2009

Pinnacle Telecom Group plc

('Pinnacle' or the 'Company')

On 11 June 2009, the Board announced the acquisition of Accent Telecom UK Limited (the 'Acquisition') which it believes to be an important step in transforming the size of the Company over the next 12 months. The Board notes the subsequent significant increase in the Company's share price from 0.13p, immediately prior to the announcement, to 0.325p at the close of business on 16 June 2009 and sees no reason, other than the Acquisition, for this price movement. 

The Board also announces that it is finalising the Company's interim results for the 6 months ended 31 March 2009, which will be announced on 23 June 2009, and are anticipated to be in line with management's expectations.

For further information please contact:

Pinnacle Telecom Group plc

Alan J Bonner, Chief Executive        0845 119 2100

Zeus Capital Limited

Ross Andrews

Bobby Fletcher                              0161 831 1512

Pelham PR

Alex Walters                                 020 7337 1550    

 

END

 

 

SPMEANKXFDXNEEE