Last checked at 27 Mar 2015 11:43
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 30th 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.
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