Holding(s) in Company

RNS Number : 5125A

Pinnacle Telecom Group PLC

02 February 2011

 



Pinnacle Telecom Group plc (the 'Company')

Holdings in Company

The Company was advised on 1 February 2011, that Surit Patel has sold a total of 800,000 shares in the Company, reducing his holding to 74,556,571 ordinary shares, representing 3.99% of the issued share capital.

The Company was also advised on 1 February 2011, that Jofi Alexander has sold a total of 13,000,000 shares in the Company, reducing his holding to 62,356,571 ordinary shares, representing 3.34% of the issued share capital.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of shares in Pinnacle Telecom Group plc in issue at the date of this notice is as follows:

Class       Nominal Value per Share       Number in Issue     Voting Rights Attached

Ordinary                  0.1p                        1,867,429,059          1,867,429,059

The Company does not hold any shares in treasury

Shareholders may use the above figure as the 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 Telecom Group plc under the Disclosure and Transparency Rules.

For further information please contact:
Pinnacle Telecom Group plc
Alan J Bonner, Chief Executive	0845 119 2100
Zeus Capital Limited
Ross Andrews	0161 831 1512
Rivington Street Corporate Finance Limited
Jon Levinson & Peter Greensmith	0207 562 3389
All Company announcements & news can be found at:	http://www.pinnacletelecomgroup.co.uk

About Pinnacle

Pinnacle Telecom Group plc (AIM: PINN) is a value added, solutions based provider of integrated telecommunications services including IP solutions. It focuses on the SME market across the UK, where it provides a wide range of communications solutions including telecommunications calls, access and consultancy, IT support, mobile solutions - both voice and data and hosted broadband voice services.

Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Virgin Media and THUS. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP (and a founder member of Nominet), operating from its data centres in Glasgow, London and Brighton.

Pinnacle's strategy is to be a SME focused, value added, solutions based provider of converged communications services, driven by leveraging organic opportunities as well as through targeted acquisitions. 

 

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