16th Oct 2006 16:20
Parallel Media Group plc Issue of Equity Following the exercise of one of the four options under the agreement betweenParallel Media Group plc (the "Company") and Pacific Continental Securities(UK) Limited described in the announcement made on 3 October 2006, the Companyhas today allotted to Pacific Continental Securities (UK) Limited 27,870,680new ordinary shares of 0.5p each in the Company to raise ‚£250,000 for theCompany.Application is being made for all such new ordinary shares to be admitted totrading on AIM and it is anticipated that such admission will become effectiveand that dealings in such new ordinary shares will start on 17 October 2006.Following this allotment, the Company will have 247,046,554 ordinary shares inissue.ENDPARALLEL MEDIA GROUP PLCRelated Shares:
Live Company