PMG Announces New Share Issue  

PMG, the AIM-quoted sports media and digital agency, announces that it has issued a total of 1,462,595 shares as detailed below in settlement of fees and commissions, bonuses to certain directors of the Company and following the exercise of share options (the "New Ordinary Shares"). The average price at which the New Ordinary Shares (other than the option shares) are being issued is 34.6p, representing a premium of 116% to the closing midmarket price of 16p at the close of business on 2 February 2012. The New Ordinary Shares represent 6.8% of the enlarged issued share capital.   Shares Issue price Shares issued in 845,928 34.5p settlement of fees and (average) commissions for fundraising, financial advisory and otherservices and expenses Shares issued to Urban 416,667 24p Strategic Pte Ltd* on exercise of option   Shares issued to Directors in settlement of bonus awards  David Ciclitira 100,000 35p Leonard Fine 100,000 35p Total

PSM enters joint venture with Froggies Media SARL 

PMG, the AIM quoted sports marketing and media group, is pleased to announce that Parallel Smart Media (PSM), which is 50% owned by PMG, has signed binding heads of agreement to enter into a 50/50 joint venture with Froggies Media SARL, a branding and production company based in Paris, led by Tim Newman. The new company, Froggies Smart Media, will be able to take advantage of Froggies Media's established connections within the French and European markets. Froggies Smart Media will utilise PSM’s smart media platforms (www.parallelmediagroup.com/parallel-smart-media/), which provide a step-change in the way that sports, entertainment and lifestyle media can be delivered. Initially it will target existing clients – which include renowned brands such as Dom Perignon and Louis Vuitton in France. Tim Newman was the CEO of NBDC, which produced TV programmes such as Rapido (BBC) and Passengers (Channel 4). After the success of Rapido, he created Rapido TV with the

The 7th Edition of the Kazakhstan Open Takes Place 

The 7th Edition of the Kazakhstan Open Takes Place
Parallel Media Group is pleased to report another hugely successful staging of the €400,000 Kazakhstan Open, which for the seventh successive season boasted the largest prize fund for a regular Challenge Tour event. Parallel Media Group is proud to be associated with the event which it manages on behalf of the National Federation of Golf in Kazakhstan.   The tournament enjoyed a nail biting finish when 20 year old Englishman Tommy Fleetwood secured a two-shot win over Norwegian sponsor’s invitation Knut Borsheim.   Fleetwood, who has been tipped for stardom since making his professional debut at the 2010 Kazakhstan Open on the back of an illustrious amateur career, started the final day with a two-stroke lead over Simon Thornton, but as the Irishman’s challenge faded it was Borsheim who posed the biggest threat to his title aspirations.   Fleetwood rounded off the best week of his fledgling career in some style, rolling in a birdie putt from 30

PSM launches its smart media application for Indonesian Eye 

PSM launches its smart media application for Indonesian Eye
Indonesian Eye: Fantasies & Realities, presented by Prudential, will exhibit works by a select group of Indonesia’s most notable emerging and established contemporary artists. The exhibition opens at the Ciputra Artpreneur Center in Jakarta on 9 June, and will run for five weeks. It will then travel to London’s Saatchi Gallery, becoming the UK’s first major exhibition of Indonesiann contemporary art. Indonesian Eye, founded by David and Serenella Ciclitira, the same team behind the successful, on-going Korean Eye exhibitions. Parallel Media Group are delighted to provide event management and services to Indonesian Eye and Parallel Media Group's Smart media division, PSM are proud to have created the online exhbibition smart media service application avaiable across all smart media platforms.  Comprising some 41 works by 18 artists, Indonesian Eye: Fantasies & Realities will present a combination of paintings, sculpture and installations. Heri

Equity placing and Director dealings 

PMG, the sports media and digital agency, announces that it has raised £1.2 million before expenses, by way of a placing of 3,428,568 new ordinary shares in the Company (the "Placing Shares") at a price of 35 pence per share (the
"Placing Price") with both existing shareholders and new investors (the "Placing"). The Placing Price represents a premium of 55.5 per cent to the closing mid market share price on 27 July 2011. The proceeds of the placing will be used to provide working capital to develop
the Company's existing business and support the roll out of its new smart media platform, Parallel Smart Media ("PSM") following the announcement on 30 June 2011 of the acquisition of Parallel Media Korea (Smart Media) Limited (the
"Acquisition"). As part of the consideration for the Acquisition the Company is allotting 1,153,746 new ordinary shares (the "Consideration Shares") to Luna
Trading Limited (a company controlled by David Ciclitira). The Placing and