REG - Catalyst Media Group - Update regarding SIS

Catalyst MediaAnnouncement

17/06/2020 13:00

RNS Number : 2680Q
  
Catalyst Media Group PLC
  
17 June 2020
  
 

17 June 2020
 
Catalyst Media Group plc
("CMG" or the "Company")
 
Update regarding SIS
 
The Company provides the following update in respect of Sports Information Services (Holdings) Limited ("SIS") in which CMG has an approximate 20.54% interest.
 
Further to the update provided in the Company's interims for the six month period ended 31 December 2019 (the "Interims"), announced on 26 March 2020, SIS has informed the Company that, following the resumption of horse and greyhound racing in England from 1 June 2020 and horseracing in Ireland from 8 June 2020, together with the reopening of Licenced Betting Offices in England from 15 June 2020, it is now beginning to return to full operations, with staff being un-furloughed through June and into July 2020.
 
SIS has also informed the Company that it has secured additional online content, increasing its ability to provide 24/7 content to its customers.  The additional content includes horseracing from Germany, Czech Republic and Hungary.  SIS has also launched its first competitive gaming e-sports product with bet365.
 
SIS has also confirmed to the Company that as detailed in the Interims, SIS made a profit for the year ending 31 March 2020, prior to any provisions or adjustment as a result of COVID-19.
 
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.


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