TIDMPAA

RNS Number : 0054G

Parallel Media Group PLC

02 August 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                   Parallel Media Group plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
--------------------------------------------------------------------------  ----------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
--------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                X 
------------------------------------------------------------------------------  ------------------------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
------------------------------------------------------------------------------  ------------------------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
------------------------------------------------------------------------------  ------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------------------  ------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------------------------  ---  ------------------------- 
 3. Full name of person(s) subject                                                  Andrew Heyting 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------------  ----------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  ----------------------------- 
 5. Date of the transaction and date                                                  01/08/2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  ----------------------------- 
 6. Date on which issuer notified:                                                    01/08/2016 
--------------------------------------------------------------------------  ----------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                    3%, 4% 
--------------------------------------------------------------------------  ----------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type   Situation previous                            Resulting situation after the triggering 
 of            to the triggering                             transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  --------------------------------------------  ------------------------------------------------------------- 
              Number                      Number            Number       Number of voting       % of voting rights 
               of                          of               of shares     rights                 (x) 
               Shares                      Voting 
                                           Rights 
-----------  --------------------------  ----------------  -----------  ---------------------  ------------------------- 
                                                            Direct       Direct      Indirect   Direct        Indirect 
                                                                          (xi)        (xii) 
-----------      ---------  -----------      ------------  -----------  ----------  ---------  ------------  ----------- 
 Ordinary             Less than              Less than 
 Shares                  3%                     3%           150,000      150,000                  4.98% 
             --------------------------  ----------------  -----------  ----------  ---------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of          Expiration                Exercise/                      Number of voting         % of voting 
 financial         date (xiii)               Conversion Period              rights that may          rights 
 instrument                                  (xiv)                          be 
                                                                            acquired if the 
                                                                            instrument is 
                                                                            exercised/ converted. 
---------------  ------------------------  -----------------------------  -----------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of        Exercise     Expiration       Exercise/                  Number of voting         % of voting rights 
 financial      price         date (xvii)      Conversion                 rights instrument        (xix, xx) 
 instrument                                    period                     refers to 
                                               (xviii) 
-------------  -----------  ---------------  -------------------------  -----------------------  ----------------------- 
                                                                                                  Nominal       Delta 
-------------  -----------  ---------------  -------------------------  -----------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                      Percentage of voting rights 
-----------------------------------------------------------  ----------------------------------------------------------- 
                          150,000                                                       4.98% 
-----------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
--------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------------------------  --------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
----------------------------------------------------------------------------  --------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
----------------------------------------------------------------------------  --------------- 
 
 
  13. Additional information: 
----------------------------------------------------------------------------  --------------- 
 14. Contact name:                                                             Andrew Heyting 
----------------------------------------------------------------------------  --------------- 
 15. Contact telephone number:                                                  07480 183966 
----------------------------------------------------------------------------  --------------- 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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