RNS Number : 8461T
Pinnacle Staffing Group PLC
12 June 2009
 

Pinnacle Staffing Group PLC ('Pinnacle' or 'the Company')

Further re Related Party Transaction

On 26 November 2008 Pinnacle announced that Tom Charlton, the Company's Executive Chairman, had provided an unsecured personal guarantee of £500,000 in order to support the Company's existing invoice discounting facility. The Guarantee was requested by Barclays Bank PLC as a condition of temporarily relaxing the minimum headroom requirements under the invoice discounting facility.

The Company now confirms that Mr Charlton has received written notification from Barclays Bank PLC that he is to be released from the Guarantee with immediate effect.

For further information, please contact:

Pinnacle Staffing Group plc

Tom Charlton, Executive Chairman                                  01582 395900
Jennifer Hall, Company Secretary

Brewin Dolphin Limited (Nomad)

Matt Davis / Alison Barrow                                              0845 213 4730







This information is provided by RNS
The company news service from the London Stock Exchange
 
 
 

RNS news service provided by Hemscott Group Limited.