Holding(s) in Company

RNS Number : 2241Y

Pinnacle Technology Group PLC

19 February 2013

 



19 February 2013

Pinnacle Technology Group plc ("Pinnacle" or "the Company")

Substantial Interests in Shares and Total Voting Rights

Substantial Interests

Pinnacle Technology Group plc, (AIM: PINN) the AIM listed provider of cloud based technology solutions, announces that it was notified today that Hargreave Hale holds 100,500,000 Ordinary shares in the Company representing approximately 3.13 per cent of the issued share capital of the Company.

As a result of the recent placing of 883,333,333 Ordinary Shares of 0.1p each to raise £2.65m, announced on 06 February 2013, the Company has now been notified of the following substantial shareholdings:

	Prior Holding	Prior  %	New Shares	Total Holdings	Total  % of the issued share capital of the Company
Octopus Investments	-	-	329,715,000	329,715,000	10.32%
ISIS Equity Partners	-	-	250,000,000	250,000,000	7.83%
Alan Bonner (Chief Executive Officer)	224,722,483	9.72%	-	224,722,483	7.03%
Darron Giddens	190,273,709	8.23%	-	190,273,709	5.96%
Huntingtower Capital	184,046,491	7.96%	-	184,046,491	5.76%
Paul Goodland	178,273,709	7.71%	-	178,273,709	5.58%
Herald Investment Management	-	-	166,666,667	166,666,667	5.22%
Hargreave Hale	500,000	-	100,000,000	100,500,000	3.13%
Tom Black	71,542,857	3.10%	16,666,667	88,209,524	2.76%
William Alan (Non-Exec Chairman)	5,714,286	0.27%	-	5,714,286	0.18%
John Anderson (Non-Exec Director)	1,428,571	0.07%	-	1,428,571	0.04%

 

Voting Rights

The Company also announces that pursuant to the requirements of the Disclosure and Transparency Rules, the total number of voting rights in respect of each ordinary share in issue and admitted to trading on AIM at the date of this announcement is as follows:

	Total Number of Voting Rights	Total Number of Shares in Issue
Ordinary Shares of 0.10p each	3,194,807,730	3,194,807,730

The above figure of 3,194,807,730 may be used by shareholders 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, the Company, under the FSA's Disclosure and Transparency Rules.

There are no shares held in treasury by the Company.

All Company announcements can be found at:	www.pinn.uk.com
For further information please contact:
Pinnacle Technology Group plc	0845 180 7474
Alan J Bonner, Chief Executive
Zeus Capital
Corporate Finance: Ross Andrews	0161 831 1512
Institutional Sales: John Goold/Alex Davies	0207 016 8925
Newgate Threadneedle	0207 653 9850
Caroline Evans-Jones/Robyn McConnachie

About Pinnacle

Pinnacle Technology Group plc (AIM: PINN) focuses on the business market across the UK. Driven by leveraging organic opportunities as well as through targeted acquisitions. We provide a wide range of converged managed solutions including Managed Support Services, Unified Communications and Collaboration, Communications and Mobility, Software as a Service (SaaS) and Infrastructure services.

Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Cable and Wireless and Virgin Media. 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.

 

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