Wilson Group Limited advised that it has reached an agreement with the executive shareholders of Pinnacle Investment Management Limited to buy their 25% stake, taking WIG's interest in Pinnacle Investment Management Limited to 100%. Subject to completion, Mr. Ian Macoun will be appointed as Managing Director of WIG. Subject to completion of the Transaction, Ms. Deborah Beale and Mr. Gerard Bradley have agreed to join the Board. Three executive directors being Mr. Ian Macoun as Managing Director along with Mr. Adrian Whittingham and Mr. Andrew Chambers. After 14 years on the Board including 4 years as Chairman, Mr. Steven Skala AO will retire from the Board following completion of the Transaction. After 24 years with the company and the last 3 years as its CEO/Managing Director, Mr. Sandy Grant will leave the business and will retire as a Director at the EGM.

Subject to the Transaction proceeding, the WIG board proposes to pay a fully franked special dividend of 5 cents per WIG share to shareholders following completion of the Transaction. The record date for the dividend will be set such that the Pinnacle Vendors will not participate, other than in respect of the shares that they purchase from DB.