Result of General Meeting

RNS Number : 1832N

Pinnacle Technology Group PLC

14 May 2015

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 were passed by Shareholders.

Accordingly, application has been made to AIM for the admission of 13,164,122 new Ordinary Shares issued pursuant to the Placing, such admission being expected on 15 May 2015. The Placing Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares of 1 penny each.

The new Ordinary Shares (in uncertificated form) are expected to be credited to CREST accounts on 15 May 2015 and definitive share certificates for the new Ordinary Shares (in certificated form) are expected to be despatched to certificated shareholders on or around 28 May.

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:

Director	Number of Existing Ordinary Shares	% of Existing Ordinary Shares	Number of Placing Shares subscribed for	Number of Ordinary Shares following the Placing	% of Ordinary Shares of Enlarged Issued Share Capital
James Dodd	3,161,539	6.87%	904,396	4,065,935	6.87%
Thomas Black	3,765,137	8.18%	1,077,062	4,842,199	8.18%
Nicholas Scallan	531,000	1.15%	153,846	684,846	1.16%

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 59,182,558 Ordinary Shares of 1 penny 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

Chris Gilmour

David Walker