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Catalyst Media Group PLC  -  CMX   

Receipt of SIS Dividend & Payment of CMG Dividend

Released 09:54 26-Oct-2018

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 £8.2 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 £12.6million and as announced on 9 October 2018, it is now the intention of the Board of CMG to distribute a total of £12.2million 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 £400,000 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.


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Receipt of SIS Dividend & Payment of CMG Dividend - RNS