Catalyst Media Group PLC Receipt of SIS Dividend & Payment of CMG Dividend (3226F)
October 26 2018 - 4:54AM
UK Regulatory
TIDMCMX
RNS Number : 3226F
Catalyst Media Group PLC
26 October 2018
26 October 2018
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
GBP8.2 million as its share of the dividend paid by Sports
Information Services (Holdings) Ltd ("SIS"), in which CMG has an
approximate 20.54% interest, to its shareholders following the
disposal of SIS Live as set out in the Company's announcement on 9
October 2018 (the "SIS Dividend").
Following receipt of the SIS Dividend, the Company has a cash
balance of approximately GBP12.6million and as announced on 9
October 2018, it is now the intention of the Board of CMG to
distribute a total of GBP12.2million to shareholders of CMG by way
of a dividend of 58 pence per ordinary share of 10 pence each in
CMG. The dividend will be paid on 23 November 2018 to CMG
shareholders on the register as at 9 November 2018. The ex-dividend
will be 8 November 2018.
After payment of the dividend, CMG will retain approximately
GBP400,000 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVMFBPTMBITMLP
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