Result of AGM

29 Jul 2011 10:06

29 July 2011 Parallel Media Group PLC ("PMG" or the "Company") Result of AGM

PMG, a sports media and digital company, is pleased to announce that at the Annual General Meeting of the Company held today, all resolutions were duly passed by shareholders.

As a result and further to the announcement made on 28 July 2011, the 1,153,746 consideration shares allotted as part of the consideration for the acquisition of Parallel Media Korea (Smart Media) Limited will admit to trading on AIM on 1 August 2011 and the 3,428,568 placing shares allotted following the successful £1.2m placing at 35 pence per share will admit to trading on AIM on 3 August 2011.

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For further information, please contact:

Parallel Media Group plc 020 7225 2000

David Ciclitira, Charles Wale

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton

Bishopsgate Communications 020 7562 3350

Deepali Schneider, Natalie Quinn

pmg@bishopsgatecommunications.com