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Pinnacle's Guarantee

Tom Charlton, Executive Chairman of Pinnacle Staffing plc, has provided an unsecured personal guarantee of 500,000 in order to support the Company's existing invoice discounting facilities.

The Guarantee was requested by Barclays as a condition of temporarily relaxing the minimum headroom requirements under the invoice discounting facility. The Guarantee has no date of expiry but can be terminated on three months notice by Mr Charlton. The transaction is classified as a related party transaction for the purpose of the AIM rules by virtue of the fact that Mr Charlton is a director of Pinnacle and has a beneficial interest in 26,200,538 ordinary shares in the Company representing 29.9% of the issued share capital.


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