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pinnacle holdings ltd (PNA) Snapshot

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08/7/13 - €1.91
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06/6/14 - €0.75
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pinnacle holdings ltd (PNA) Details

Pinnacle Holdings Limited manufactures, distributes, and supports information and communication technology (ICT) hardware, software, and infrastructure products. Its products include access control products comprising biometrics and voice recorders, as well as proximity, and time and attendance products; personal computers; binoculars; calculators; CCTV products and its accessories; and components, such as add on cards, cases, display adapters, fans and cooling components, hard drives, memory products, motherboards, optical drives, power supplies, processors, and sound cards. The company’s products also comprise consumables consisting of ink and cartridges, printers, ribbons, and toners, as well as optical, paper and cartridge combo, and photo paper products; desktop computers; displays and monitors; enterprise mobility and storage products; play stations; gaming gears and titles; speakers; home theater systems; and flash media and multimedia products. In addition, it offers networking and communication products, such as antennas, cards and cables, firewalls, Internet cameras, KVM switches, modems, print servers, routers, switches, USB hubs, video splitters, VOIP, and wireless products; notebooks; keyboards and mouse, pointing devices, projectors, and UPS; portable media devices; point-of-sale and barcoding products; scanners; servers; tablets; TVs; and photography, storage, and software products. Further, the company distributes copper, fibre, wireless, and related network hardware and infrastructure, as well as office automation products; provides project management services for network infrastructure, and data centre design and implementation projects; and offers finance solutions to ICT customers. It serves value added resellers, mass retailers, and the government sector in South Africa, Botswana, Namibia, and Zambia. The company, formerly known as Pinnacle Technology Holdings Limited, was founded in 1993 and is headquartered in Midrand, South Africa.

1,626 Employees
Last Reported Date: 10/1/13
Founded in 1993

pinnacle holdings ltd (PNA) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: R6.4M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: R1.3M
Executive Director and Chairman of Social & E...
Total Annual Compensation: R2.1M
Compensation as of Fiscal Year 2013.

pinnacle holdings ltd (PNA) Key Developments

Pinnacle Holdings Limited Announces Board Changes

Pinnacle Holdings Limited announced that the Remuneration Committee of the Company has been reconstituted and will now comprise of Mr. A Tugendhaft (Chairman), Mr. Erhard van der Merwe and Ms. Daphne Mashile – Nkosi. Due to the size of the Board a separate Nominations Committee is not required. Procedures for appointment of directors to the Board will in future be handled by the Board of Directors.

Pinnacle Technology Holdings Ltd. Announces Unaudited Group Earnings Results for the Six Months Ended December 31, 2013

Pinnacle Technology Holdings Ltd. announced unaudited group earnings results for the six months ended December 31, 2013. For the period, revenue was ZAR 3,160,872,000, EBITDA was ZAR 232,543,000, profit before taxation was ZAR 221,684,000 and net profit was ZAR 162,272,000 against revenue of ZAR 3,126,104,000, EBITDA of ZAR 228,635,000, profit before taxation of ZAR 209,356,000 and net profit of ZAR 148,896,000 for the same period a year ago. Headline earnings were ZAR 150,816,000 or 95.4 cents per share against ZAR 148,099,000 or 93.8 cents per share a year ago. Earnings per basic share were 5.1 cents against 4.8 cents a year ago. Cash generated by operating activities was ZAR 113,441,000 and property, plant and equipment acquired was ZAR 60,787,000 against cash generated by operating activities of ZAR 31,657,000 and property, plant and equipment acquired of ZAR 63,914,000 a year ago. Acquisition of intangible assets was ZAR 4,175,000 against ZAR 1,718,000 a year ago.

Pinnacle Technology Holdings Ltd Announces Executive Changes

Pinnacle Technology Holdings Ltd. announced that with effect from 1 October 2013, Mr. FC Smyth has resigned his position as Company Secretary to take up a position at Seacom. Mr. JV Parkin has been appointed as Company Secretary effective immediately. Mr. Parkin was previously the Chief Operating Officer of Axiz (Pty) Ltd. trading as AxizWorkgroup. The Pinnacle Board is satisfied that Mr. Parkin has the necessary skills and experience to fulfil this function and wish him well in his new role.


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