Last checked at 11 Jul 2017 17:52
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