Infrasol - Fulfilment of Conditions Precedent

Pinnacle Holdings Limited

Registration number 1986/000334/06

Share Code: PNC

ISIN: ZAE000184149

(“Pinnacle” or “the Group” or “the Company”)

 

DISPOSAL OF INFRASOL PROPRIETARY LIMITED – FULFILMENT OF CONDITIONS PRECEDENT

Following the SENS announcement of 17 April 2015 by the board of directors of Pinnacle (“the Board”),that it had entered into an agreement with Datacentrix Proprietary Limited, a wholly-owned subsidiary of Datacentrix Holdings Limited, to dispose of 100% of the issued share capital of Pinnacle’s wholly-owned subsidiary, Infrasol Proprietary Limited (“Infrasol”), including Infrasol’s subsidiary,Merqu Communications Proprietary Limited as one indivisible transaction, the Board is pleased to now advise shareholders that all conditions precedent have been met and the transaction is now unconditional.

 

Midrand

30 July 2015

 

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

 

Legal Advisor: Tugendhaft Wapnick Banchetti and Partners


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Contact Information Tel: +27 11 265 3000
Fax: +27 11 265 3059
info@pinnacleholdings.co.za
Location (Head Office)
The Summit
269 16th Road
Midrand
Gauteng
South Africa