PCL Pinnacle

 

TIDMPCL 
 
RNS Number : 2155S 
Pinnacle Staffing Group PLC 
06 September 2010 
 

 
                          Pinnacle Staffing Group PLC 
                          ("Pinnacle" or the "Company") 
 
                            Result of General Meeting 
 
At the Company's General Meeting held earlier today, the resolutions were put to 
the meeting and passed. 
 
These resolutions were to approve: 
 
1.  the Company's proposed disposal of its Agency Nursing and Medical Services 
businesses to Arabella Health Staffing Limited; and 
2.   the adoption of the Company's proposed Investing Policy. 
 
Following completion of the proposed disposal, which is expected to take place 
later today, Pinnacle will be treated as an investing company in accordance with 
AIM Rule 15.  The Company confirms that it will seek to identify further ways to 
create value for Shareholders through investing further in its doctors 
recruitment subsidiaries and by making acquisitions of other companies or 
businesses which supply either doctors recruitment or compliance monitoring 
services. 
As a result of the Disposal and in accordance with AIM Rule 15, the Company must 
implement the investing policy within 12 months of Completion, otherwise trading 
in the Company's Ordinary Shares on AIM will be suspended in accordance with AIM 
Rule 40.  If following suspension of the Ordinary Shares in accordance with AIM 
Rule 40, the Ordinary Shares have not been re-admitted to trading on AIM within 
six months, the admission of the Ordinary Shares to trading on AIM will be 
cancelled in accordance with AIM Rule 41. 
 
Defined terms used in this announcement have the same meaning as in the 
Company's announcement released on 20 August 2010. 
 
For further information, please contact: 
+---------------------------------+---------------------------------+ 
| Pinnacle Staffing Group plc     | Tel: 01582 395 900              | 
+---------------------------------+---------------------------------+ 
| Tom Charlton, Executive         |                                 | 
| Chairman                        |                                 | 
+---------------------------------+---------------------------------+ 
| David Hope, Finance Director &  |                                 | 
| Chief Operating Officer         |                                 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Brewin Dolphin Limited          | Tel: 0845 213 2077              | 
+---------------------------------+---------------------------------+ 
| Derrick Lee                     |                                 | 
+---------------------------------+---------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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