* Says ABSA will sell its entire shareholding of 2 726 340 367 shares in
Pinnacle
* Says this deal will equate to 39% of the issued shares in Pinnacle to
trilinear for a purchase price of R150 million
* Says R95 million is to be paid up front and the balance in two later tranches
* Says in terms of agreement, ABSA will subscribe for R95 million worth of
shares for cash, convert R125 million debt into shares
* Says trilinear will take transfer of absa's entire equity interest in
Pinnacle Point
* Says this acquisition will result in trilinear's shareholding in the company
increasing to approximately 48.4%
* Says ABSA has undertaken to implement the underwriting agreement by no later
than Monday, 15 February 2010
((Johannesburg newsroom, +27 11 775 3155))
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