REG - Catalyst Media Group - Dividend Declaration

Catalyst MediaAnnouncement

31/10/2023 15:00

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RNS Number : 9094R  Catalyst Media Group PLC  31 October 2023

31 October 2023

Catalyst Media Group Plc

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

 Dividend Declaration

The Board of CMG (AIM: CMX) is pleased to announce that Sports Information
Services (Holdings) Limited ("SIS"), in which CMG has an approximate 20.54%
interest, has recently declared a total dividend of £30 million comprised of
an ordinary dividend amount of approximately £4.62 million and a special
dividend amount of £25.38 million.

Following receipt today of its share of the abovementioned total SIS dividend
distribution, which amounted to approximately £6.16 million, CMG currently
has approximately £6.28 million in cash reserves the majority of which is
intended to be distributed by the Board of CMG to the Company's shareholders.
Accordingly, the Board of CMG has resolved that the Company will pay an
interim dividend of approximately £5.68 million, equating to 27 pence per CMG
ordinary share.

This interim dividend will be payable on 21 November 2023 to CMG shareholders
on the Company's register as at 10 November 2023. The ex-dividend date will
therefore be 9 November 2023.

Following payment of the interim dividend to its shareholders, CMG is
currently expected to hold cash reserves of approximately £0.6 million for
its general working capital purposes.

 

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 by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

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