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

(END) Dow Jones Newswires

October 26, 2018 04:54 ET (08:54 GMT)

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