TIDMPAA

RNS Number : 7746K

Parallel Media Group PLC

11 July 2017

11 July 2017

Parallel Media Group Plc ("PMG" or the "Group")

Clarification statement re substantial shareholders

Parallel Media Group Plc (AIM: PAA), a leading event marketing and media agency notes, announces that a letter containing the following statement is being posted to all shareholders in the Group (the "Shareholders"):

"In the Group's annual results for the year ended 31 December 2016, distributed to Shareholders on 30 June 2017 and announced via RNS on the same date, a table listing substantial shareholders in the Group was misstated. A correct list of substantial shareholders in the Company is confirmed as follows:

Substantial Shareholders

The following investors have notified the Directors that they hold or are beneficially interested in 3% or more of the Group's ordinary share capital:

 
                                   No.        % 
 David Ciclitira Concert 
  Party                      1,013,275   33.67% 
 Hargreaves Lansdown 
  (Nominees) Ltd               588,230   19.55% 
 Ranjit Murugason              180,742    6.01% 
 Vidacos Nominees Ltd          136,187    4.53% 
 JIM Nominees                  118,158    3.93% 
 Cantor Fitzgerald Europe      106,769    3.55% 
 HSDL Nominees Ltd              92,261   3.07%"

The Company's issued ordinary share capital comprises 3,009,233 shares.

For further information please contact:

Parallel Media Group Plc

   David Ciclitira                                                    Tel: 020 7225 2000

Stockdale Securities Limited

   Richard Johnson / Edward Thomas          Tel: 020 7601 6100

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 11, 2017 12:52 ET (16:52 GMT)

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