ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
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COMPANY |
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
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Registered Office: West Byfleet,
From Admission, the Company's trading address will be: 44 York Mansions
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COUNTRY OF INCORPORATION: |
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
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www.paralelmediagroup.com (before Admission) www.livecompanygroup.com (following Admission)
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
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Admission is sought as a result of a reverse take-over in accordance with AIM Rule 14.
The Company is proposing to acquire
Parallel Live has a licence with
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
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Share capital immediately prior to Admission: 3,009,223 ordinary shares of
At Admission: 48,207,793 ordinary shares of
Issue Price:
No restrictions on the transfer of securities. No ordinary shares will be held in treasury on Admission |
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
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Capital raised: Anticipated market capitalisation on Admission: £14.5 million (at the Issue Price) |
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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88%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: |
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None
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
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Existing Directors: John David Serenella Ciclitira, Non-Executive Director Ranjit Murugason, Non-Executive Director
Proposed Directors on Admission: John David Andrew Serenella Ciclitira, Non-Executive Director Ranjit Murugason, Non-Executive Director Simon
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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None other than as disclosed in the Admission Document
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
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(i) 31 December (ii) (iii) 30 September 2018 (Interim Results for the 6 months ending
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EXPECTED ADMISSION DATE: |
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NAME AND ADDRESS OF NOMINATED ADVISER: |
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EC3A 7BB
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NAME AND ADDRESS OF BROKER: |
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EC3A 7BB
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
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A Copy of the Admission Document containing full details about the applicant and the Admission of its securities will be available on the Company's website at: www.parallelmediagroup.com (prior to Admission), and www.livecompanygroup.com (from Admission)
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DATE OF NOTIFICATION: |
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NEW/ UPDATE: |
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NEW
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This information is provided by RNS