RNS Number : 9094R
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 plcMichael Rosenberg, Non-executive ChairmanMelvin Lawson, Non-executive Director | Mob: 07785 727 595Tel: 020 7734 8111 | |
| Strand Hanson LimitedJames HarrisMatthew Chandler | Tel: 020 7409 3494 | |
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.