Governance

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Country of Incorporation:

Pinnacle Telecom Group plc is incorporated in England and Wales with registration 5259846.

 

Main Country of Operation:

Its main country of operation is the United Kingdom.

 

Board of Directors’ Responsibilities

The board directs the group's activities in an effective manner through regular monthly board meetings and monitors performance through timely and relevant reporting procedures. Where it deems it necessary the board requests reports on specific areas out with the normal reporting regime. All directors have access to advice from the company secretary and, if required, independent professionals at the company^'s expense. Training is available for new and other directors as necessary.

 

The board at present comprises one executive and two non-executive directors. The non-executive directors are regarded as independent of management and any business or other relationships which could interfere with the exercise of their independent judgement. The roles of chairman and chief executive are separate appointments and it is board policy that this will continue.

 

The board is committed to ensuring that proper standards of corporate governance operate and, having regard to the provisions of the Combined Code, insofar as is appropriate, has established governance procedures and policies that are considered appropriate to the nature and size of the group.

 

Under the company^'s articles of association, the nearest number to one third of the board shall retire each year by rotation.

 

Committees’ Responsibilities

The board has established two committees, the audit committee and the remuneration committee.

It will also set up a nominations committee when the need arises.

Membership of both the audit committee and the remuneration committee is made up of the two non-executive directors. Graham J Duncan is chairman of the remuneration committee and John Anderson of the audit committee.

 

SHARE INFORMATION

 

Exchanges or trading platforms where Pinnacle Telecom Group plc securities are admitted or traded:

 

Pinnacle Telecom Group plc is traded on the following markets:

 

AIM market of the London Stock Exchange under symbol PINN.

 

PLUS Markets platform under symbol PINN.

 

Trading Information for PINN

FTSE Index FTSE AIM All-Share,FTSE AIM All-Share - Telecommunications
FTSE Sector Fixed Line Telecommunications
FTSE sub-sector Fixed Line Telecommunications
Country of share register GB
Segment AIM
MiFID status MTF
Exchange market size 300,000
SEDOL B04C8N0
ISIN GB00B04C8N02

 

Market Makers:

Hoodless Brennan
Seymour Pierce
Shore Capital Stockbrokers
Winterflood Securities

 

The number of securities in issue:

As at 30/04/2010 the number of shares in issue was 1,738,857,630 ordinary shares of £0.001.

 

The number of securities held as treasury shares:

As at 30/04/2010 the number of securities held in treasury shares was 0.

 

Percentage of AIM securities not in public hands:

As at 30/04/2010, the percentage of AIM securities not in public hands was

Ordinary shares of £0.001 nominal: 636,296,844 representing 36.59% of the issued share capital.

 

Identity and percentage holdings of significant shareholders:

As at 30/04/2010, the identity and percentage holdings of significant shareholders was

P Goodland	178,273,709	(10.47%)
D Giddens	178,273,709	(10.47%)
A Bonner	172,791,257	(10.15%)
S Dronfield	84,163,855	(4.94%)
J and R Alexander	75,356,571	(4.43%)
S and N Patel	75,356,571	(4.43%)

 

Details of any restrictions on the transfer of AIM Securities:

 

There are no restrictions on the transfer of Pinnacle Telecom Group plc securities.