Pinnacle Technology Group PLC Result of General Meeting (6045X)
21 November 2014 - 2:38AM
UK Regulatory
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
END
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