Transaction in Own Shares and Director Dealing

RNS Number : 6307O

Catalyst Media Group PLC

08 November 2016

 

8 November 2016

Catalyst Media Group plc

("CMG" or the "Company")

Transaction in Own Shares and Director Dealing

The Company announces that, on 7 November 2016, the Company purchased, in the market, in aggregate, 162,737 ordinary shares of 10p each in CMG ("Ordinary Shares") at an average price of 75p per Ordinary Share. The purchased shares will be held in treasury.

Of the 162,737 Ordinary Shares purchased by the Company, 49,960 Ordinary Shares were acquired from an estate of which Michael Rosenberg, the Company's Chairman, is an executor. Accordingly, such purchase is deemed a deal by a person discharging managerial responsibilities pursuant to the Market Abuse Regulation and is deemed a related party transaction under the AIM Rules. The Directors of CMG, other than Mr Rosenberg, having consulted with the Company's nominated adviser, Strand Hanson Limited, consider that the terms of the purchase of such Ordinary Shares are fair and reasonable insofar as its shareholders are concerned.

Following the above purchases, the Company now has 21,507,657 Ordinary Shares in issue (excluding treasury shares), which is the total number of voting rights and may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The total number of Ordinary Shares now held in treasury is 189,005.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by WH Ireland Limited on behalf of the Company as part of the buy-back programme.

Schedule 1: Summary of buy-back transaction

Date of purchase:	7 November 2016
Number of Ordinary Shares purchased:	162,737
Highest price paid per share (pence):	75p
Lowest price paid per share (pence):	75p
Average price paid per share (pence):	75p

Schedule 2: Details of buy-back transactions

Time (hh:mm - GMT)	Number of Ordinary Shares purchased	Transaction price (pence per share)
15:04	12,500	75p
15:45	150,237	75p

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Rosenberg
2.	Reason for the Notification
a)	Position/status	Non-executive Chairman
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Catalyst Media Group plc
b)	LEI	n/a
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 10p each ("Shares")
	Identification code	GB00B282R334
b)	Nature of the Transaction	Disposal of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 75p 49,960 Shares
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	7 November 2016
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Enquiries:

Catalyst Media Group plc

Michael Rosenberg, Non-Executive Chairman     [phone]

Melvin Lawson, Non-Executive Director            [phone]

Strand Hanson Limited                                  [phone]

James Harris

Richard Tulloch

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014.

 

END

 

 

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