Last checked at 26 Oct 2018 09:54
26 October 2018
Catalyst Media Group plc
("CMG" or the "Company")
Receipt of SIS dividend and payment of CMG dividend
The Company is pleased to announce that it has now received £8.2 million as its share of the dividend paid by Sports Information Services (Holdings) Ltd ("SIS"), in which CMG has an approximate 20.54% interest, to its shareholders following the disposal of SIS Live as set out in the Company's announcement on 9 October 2018 (the "SIS Dividend").
Following receipt of the SIS Dividend, the Company has a cash balance of approximately £12.6million and as announced on 9 October 2018, it is now the intention of the Board of CMG to distribute a total of £12.2million to shareholders of CMG by way of a dividend of 58 pence per ordinary share of 10 pence each in CMG. The dividend will be paid on 23 November 2018 to CMG shareholders on the register as at 9 November 2018. The ex-dividend will be 8 November 2018.
After payment of the dividend, CMG will retain approximately £400,000 cash for general working capital purposes.
Enquiries:
Catalyst Media Group Plc
Michael Rosenberg, Non-executive Chairman 07785 727 595
Melvin Lawson, Non-executive Director 020 7734 8111
Strand Hanson Limited 020 7409 3494
James Harris
Richard Tulloch
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.