REG - Catalyst Media Group - Update re SIS

Catalyst MediaAnnouncement

07/07/2023 07:00

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RNS Number : 2515F  Catalyst Media Group PLC  07 July 2023

7 July 2023

 

Catalyst Media Group Plc

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

 

Update re SIS

 

The Board of Catalyst (AIM: CMX) announces, further to the Company's
announcement of 21 November 2022, that Sports Information Services (Holdings)
Limited ("SIS") in which the Company has an approximate 20.54% interest has
today informed the Company that the review of strategic options with Oakvale
Capital LLP for its business has now been concluded.

Consequently, the SIS Board has decided that shareholder value can best be
maximised for the time being by continuing to implement the existing strategic
development plan for the business which will target growth in all SIS's
product areas over the coming years.  The Catalyst Board has been advised
that SIS's new financial year to 31 March 2024 has started well with recently
announced deals with Betsson for SIS's Competitive Gaming products, and
Kindred Group and Livescore Group for the SIS racing portfolio. Additionally,
the Company notes that in June 2023 SIS signed a renewal of the worldwide
fixed odds media rights for all of Irish horseracing for a further 5 year
term.

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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