SIS Dividend

RNS Number : 6207F

Catalyst Media Group PLC

13 October 2008

 



Catalyst Media Group Plc ('CMG' or the 'Company')

SIS Dividend

CMG is pleased to announce that on 9 October 2008 the board of Satellite Information Services 
(Holdings) Limited ('SIS'), in which CMG has a 20.51% shareholding, approved a dividend of 
£15 million in respect of the retained earnings brought forward balance as at 31 March 2008. 
Accordingly, CMG will receive £3.07 million, payable by 17 October 2008. 

The dividend will be applied in full to the repayment of the Company's facility with RBS, which will 
reduce the balance owing to RBS to £1.25 million. The Company's total net indebtedness following this 
repayment will then be reduced to less than £4 million.

Enquiries:

Michael Rosenberg

Catalyst Media Group plc 020 7927 6699

James Harris/Angela Peace

Strand Partners Limited 020 7409 3494

 

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