Pinnacle to buy back 250,000 employee shares

Pinnacle Investment Management Group Limited (ASX: PNI) will undertake an employee share scheme buy-back of 250,000 ordinary shares from a former employee, with the buy-back and cancellation to be implemented on December 18, 2025. These shares were held under the Pinnacle Omnibus Incentive Plan, and the former employee is no longer entitled to them. This action will reduce the total number of ordinary fully paid shares on issue from 227,699,216 to 227,449,216.

The company will pay cash consideration for the shares in AUD. The buy-back prices per share are AUD 16.8178 for 50,000 shares, AUD 9.1996 for 100,000 shares, and AUD 20.30 for another 100,000 shares. No security holder approval is required, and there are no other conditions to be satisfied before the buy-back offer becomes unconditional.