September 29, 2011
The Company has notified The Exchange that the Directors of Pinnacle Point have applied to the NSE for suspension of its securities with immediate effect following the notice of motion received by the company on Monday, 26 September 2011 as announced on SENS. Shareholders are advised that provisional liquidation was granted on Tuesday, 27 September 2011.
The company, certain creditors and shareholders are of the opinion that business rescue continues to be in the best interests of creditors and shareholders and will be considering a further application for business rescue.
Shareholders will be kept appraised of developments in due course.