TIDMCMX

RNS Number : 9094R

Catalyst Media Group PLC

31 October 2023

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 GBP30 million comprised of an ordinary dividend amount of approximately GBP4.62 million and a special dividend amount of GBP25.38 million.

Following receipt today of its share of the abovementioned total SIS dividend distribution, which amounted to approximately GBP6.16 million, CMG currently has approximately GBP6.28 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 GBP5.68 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 GBP0.6 million for its general working capital purposes.

Enquiries :

 
 Catalyst Media Group plc 
  Michael Rosenberg, Non-executive Chairman       Mob: 07785 727 
  Melvin Lawson, Non-executive Director           595 
                                                  Tel: 020 7734 
                                                  8111 
 Strand Hanson Limited                          Tel: 020 7409 
  James Harris                                   3494 
  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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END

DIVUAVSRONUROAA

(END) Dow Jones Newswires

October 31, 2023 11:00 ET (15:00 GMT)

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