REG - Catalyst Media Group - Receipt of SIS dividend & payment of CMG dividend

Catalyst MediaAnnouncement

31/10/2019 17:35

RNS Number : 8892R
Catalyst Media Group PLC
31 October 2019
 


31 October 2019
 
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 approximately £1.03 million as its share of the dividend paid by Sports Information Services (Holdings) Limited ("SIS") in which CMG has an approximate 20.54% interest.
 
Following receipt of the SIS dividend, the Company has a cash balance of approximately £1.37 million and as announced on 28 October 2019, it is now the intention of the Board of CMG to distribute a total of £1.05 million to shareholders of CMG by way of a dividend of 5 pence per CMG ordinary share.  The dividend will be paid on 22 November 2019 to CMG shareholders on the register as at 8 November 2019.  The ex-dividend date will be 7 November 2019.
 
After payment of the dividend, CMG will retain approximately £320,000 in 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.




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