SIS Dividend

RNS Number : 9643Y

Catalyst Media Group PLC

01 March 2013

 



Catalyst Media Group plc

("Catalyst" or the "Company")

SIS Dividend

The board of Catalyst (the "Board") is pleased to announce that a dividend of £10 million has been approved by the board of Satellite Information Systems (Holdings) Ltd ("SIS") in respect of its year ended 31 March 2012, which is payable today.  Catalyst owns approximately 20.54 percent of the share capital of SIS, and will therefore receive a payment of £2,054,000.

Upon receipt of this dividend the net cash balances within Catalyst will be approximately £2.5 million.  The interim results of Catalyst Media Group for the period ended 31 December 2012 are expected to be announced in March.  Following the announcement, the Board expects to declare and pay an interim dividend of 7 pence per ordinary share, in line with our policy "to distribute the major part of our dividend receipts being cash surplus to its needs, either through dividends to its shareholders or purchases of its shares".

Enquiries:

Catalyst:

Michael Rosenberg, Non-Executive Chairman

[phone]

Melvin Lawson, Non-Executive Director

[phone]

Strand Hanson Limited

[phone]

 James Harris

Angela Hallett

 

END

 

 

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