Catalyst Media Group PLC Update regarding SIS (2680Q)
17 June 2020 - 9:59PM
UK Regulatory
TIDMCMX
RNS Number : 2680Q
Catalyst Media Group PLC
17 June 2020
17 June 2020
Catalyst Media Group plc
("CMG" or the "Company")
Update regarding SIS
The Company provides the following update in respect of Sports
Information Services (Holdings) Limited ("SIS") in which CMG has an
approximate 20.54% interest.
Further to the update provided in the Company's interims for the
six month period ended 31 December 2019 (the "Interims"), announced
on 26 March 2020, SIS has informed the Company that, following the
resumption of horse and greyhound racing in England from 1 June
2020 and horseracing in Ireland from 8 June 2020, together with the
reopening of Licenced Betting Offices in England from 15 June 2020,
it is now beginning to return to full operations, with staff being
un-furloughed through June and into July 2020.
SIS has also informed the Company that it has secured additional
online content, increasing its ability to provide 24/7 content to
its customers. The additional content includes horseracing from
Germany, Czech Republic and Hungary. SIS has also launched its
first competitive gaming e-sports product with bet365.
SIS has also confirmed to the Company that as detailed in the
Interims, SIS made a profit for the year ending 31 March 2020,
prior to any provisions or adjustment as a result of COVID-19.
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
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June 17, 2020 07:59 ET (11:59 GMT)
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