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Dispute resolution

24 Mar 2016 16:12

RNS Number : 2654T

Parallel Media Group PLC

24 March 2016

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

Dispute resolution

Parallel Media Group Plc (AIM: PAA), a leading event marketing and media agency, announces that on 24 March 2016 it entered into a settlement agreement with Arena Event Services Limited ("Arena") and Harlequin Marquees and Event Services Limited to resolve outstanding disputed contracts dating back to 2011 and 2013. Under the terms of the settlement agreement, Arena will pay PMG an initial sum of US$125,000 on or before 23 March 2016 and a subsequent sum of US$25,000 by 13 January 2017. The initial payment has been received by PMG. In addition, the 37,500 shares in PMG held by Arena will realised for the benefit of PMG.

ENDS

For further information please contact:

Parallel Media Group Plc

David Ciclitira Tel: 020 7225 2000

Stockdale Securities Limited

Robert Finlay / Edward Thomas Tel: 020 7601 6100

This information is provided by RNS

The company news service from the London Stock Exchange

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Date		Source	Headline
13th Nov 2007	1:10 pm	PRN	Trading and financing update
28th Sep 2007	4:37 pm	PRN	Half-yearly Report
17th Aug 2007	10:48 am	PRN	AIM Rule 26 - Company Website
11th Jul 2007	12:08 pm	PRN	Result of EGM
11th Jul 2007	12:07 pm	PRN	Result of AGM
9th Jul 2007	10:33 am	PRN	Representation Agreement
3rd Jul 2007	7:00 am	PRN	Golf Tournament Sponsor Deal
19th Jun 2007	3:42 pm	PRN	Annual Report and Accounts
29th May 2007	7:01 am	PRN	Final Results
29th May 2007	7:00 am	PRN	Financing Arrangement
30th Mar 2007	3:30 pm	PRN	Total Voting Rights
22nd Mar 2007	3:34 pm	PRN	Issue of Equity
15th Mar 2007	7:00 am	PRN	New Agreement
31st Jan 2007	7:00 am	PRN	New Title Sponsor
29th Jan 2007	5:52 pm	PRN	Issue of Equity
21st Dec 2006	5:03 pm	PRN	Total Voting Rights
18th Dec 2006	4:49 pm	PRN	Issue of Equity
1st Nov 2006	4:52 pm	PRN	Issue of Equity
16th Oct 2006	4:20 pm	PRN	Issue of Equity
3rd Oct 2006	4:17 pm	PRN	Issue of Equity / Update
15th Sep 2006	5:24 pm	PRN	Holding(s) in Company
11th Sep 2006	4:59 pm	PRN	Issue of Equity
7th Sep 2006	5:15 pm	PRN	Result of AGM and EGM
7th Sep 2006	7:00 am	PRN	Update
16th Aug 2006	7:00 am	RNS	Restoration - Parallel Media
16th Aug 2006	7:00 am	PRN	Interim Results
16th Aug 2006	7:00 am	PRN	PROPOSED CHANGES TO ASSOCIATE
16th Aug 2006	7:00 am	PRN	Final Results
15th Aug 2006	8:20 am	PRN	Directorate Change
30th Jun 2006	4:01 pm	RNS	Suspension - Parallel Media
30th Jun 2006	3:45 pm	PRN	Statement re Suspension
18th Apr 2006	7:00 am	PRN	Letter of Intent
6th Mar 2006	7:00 am	PRN	New Sponsorship Agreement
13th Feb 2006	12:36 pm	PRN	Holding(s) in Company
7th Feb 2006	6:03 pm	PRN	Director/PDMR Shareholding
7th Feb 2006	11:10 am	PRN	2006 FIFPRO AWARDS TO BE HELD IN ATHENS
13th Jan 2006	4:39 pm	PRN	Holding(s) in Company
11th Jan 2006	7:00 am	PRN	Maybank Sponsorship of Malaysian Open
23rd Nov 2005	3:53 pm	RNS	Change of address
26th Aug 2005	6:11 pm	RNS	Restructuring of associate
18th Aug 2005	11:03 am	RNS	Joint Venture with PMG
9th Aug 2005	7:00 am	RNS	Interim Results
9th Aug 2005	7:00 am	RNS	Investment in Media Company
2nd Aug 2005	3:24 pm	RNS	Result of AGM and EGM
1st Jul 2005	7:00 am	RNS	Issue of Equity
30th Jun 2005	3:44 pm	RNS	Final Results
7th Jun 2005	9:00 am	RNS	New Agreement
28th Apr 2005	7:00 am	RNS	Appointment
4th Feb 2005	11:13 am	RNS	New Agreement

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