Pinnacle 8 Review Panel Upholds Decision in Relation to Pinnacle 5
Requires more Stringent Undertakings from Pinnacle and Reliable on Shareholder approval Meeting
The Panel advises that a review Panel (Pinnacle 8) has confirmed the decision made by the Pinnacle 5 Panel that the transactions entered into, or proposed, by the board of Pinnacle VRB with Vanteck (VRB) Technology Corp and Int-A-Grid-A-Grid should go to Pinnacle shareholders for approval. In confirming the decision, the Pinnacle 8 Panel has imposed more stringent conditions on the shareholder approval process in the form of undertakings from the bidder and the target.