REG - Catalyst Media Group - Dividend Declaration

Catalyst MediaAnnouncement

09/01/2023 10:45

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RNS Number : 0959M  Catalyst Media Group PLC  09 January 2023

9 January 2023

 

Catalyst Media Group Plc

("CMG", "Catalyst" or the "Company")

 

Dividend Declaration

CMG is pleased to provide the following update in respect of its intention to
distribute a dividend to shareholders further to its announcement of 30
December 2022.

The Board of CMG recommends the payment of a final dividend of 3.3 pence per
CMG ordinary share (the "Dividend") to be paid from the earnings for the
Company's financial year ended 30 June 2022 following the receipt of the
Company's share of the recent dividend paid by Sports Information Services
(Holdings) Limited in which the Company holds a 20.54% interest. Payment of
the Dividend is subject to the approval of shareholders and an appropriate
ordinary resolution will be tabled and voted upon at the forthcoming Annual
General Meeting ("AGM") which has previously been notified to be held on 1
February 2023.

Subject to the passing of the requisite resolution at the AGM, the Dividend
will be payable on 1 February 2023 to CMG shareholders on the register on 20
January 2023.

Following payment of the Dividend to shareholders, which will total
approximately £0.694 million, CMG is currently expected to hold approximately
£0.250 million in cash for its general working capital purposes.

A revised notice of AGM and form of proxy, incorporating the additional
ordinary resolution in respect of the proposed final dividend, will be posted
today to shareholders and made available to download from the Company's
website at: www.cmg-plc.com (about%3Ablank) . Shareholders who have already
returned a form of proxy and who wish to vote on the additional ordinary
resolution should complete and return the revised form of proxy.

Enquiries:

 Catalyst Media Group plc

 Michael Rosenberg, Non-executive Chairman       Mob: 07785 727 595

 Melvin Lawson, Non-executive Director           Tel: 020 7734 8111
 Strand Hanson Limited                           Tel: 020 7409 3494

 James Harris

 Matthew Chandler

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended.

 

 

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