17th Jun 2009 10:38
17 June 2009
Pinnacle Telecom Group plc
("Pinnacle" or the "Company")
On 11 June 2009, the Board announced the acquisition of Accent Telecom UK Limited (the "Acquisition") which it believes to be an important step in transforming the size of the Company over the next 12 months. The Board notes the subsequent significant increase in the Company's share price from 0.13p, immediately prior to the announcement, to 0.325p at the close of business on 16 June 2009 and sees no reason, other than the Acquisition, for this price movement.
The Board also announces that it is finalising the Company's interim results for the 6 months ended 31 March 2009, which will be announced on 23 June 2009, and are anticipated to be in line with management's expectations.
For further information please contact:
Pinnacle Telecom Group plc
Alan J Bonner, Chief Executive 0845 119 2100
Zeus Capital Limited
Ross Andrews
Bobby Fletcher 0161 831 1512
Pelham PR
Alex Walters 020 7337 1550
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