Catalyst Media Group PLC Dividend Declaration (0959M)

TIDMCMX

RNS Number : 0959M

Catalyst Media Group PLC

09 January 2023

9 January 2023

Catalyst Media Group Plc

("CMG", "Catalyst" or the "Company")

Dividend Declaration

CMG is pleased to provide the following update in respect of its intention to distribute a dividend to shareholders further to its announcement of 30 December 2022.

The Board of CMG recommends the payment of a final dividend of 3.3 pence per CMG ordinary share (the "Dividend") to be paid from the earnings for the Company's financial year ended 30 June 2022 following the receipt of the Company's share of the recent dividend paid by Sports Information Services (Holdings) Limited in which the Company holds a 20.54% interest. Payment of the Dividend is subject to the approval of shareholders and an appropriate ordinary resolution will be tabled and voted upon at the forthcoming Annual General Meeting ("AGM") which has previously been notified to be held on 1 February 2023.

Subject to the passing of the requisite resolution at the AGM, the Dividend will be payable on 1 February 2023 to CMG shareholders on the register on 20 January 2023.

Following payment of the Dividend to shareholders, which will total approximately GBP0.694 million, CMG is currently expected to hold approximately GBP0.250 million in cash for its general working capital purposes.

A revised notice of AGM and form of proxy, incorporating the additional ordinary resolution in respect of the proposed final dividend, will be posted today to shareholders and made available to download from the Company's website at: www.cmg-plc.com . Shareholders who have already returned a form of proxy and who wish to vote on the additional ordinary resolution should complete and return the revised form of proxy.

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.

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END

DIVUKORROUUARAR

(END) Dow Jones Newswires

January 09, 2023 05:45 ET (10:45 GMT)

Catalyst Media (LSE:CMX)
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