Catalyst Media Group PLC
03 August 2007
Catalyst Media Group Plc ('CMG' or the 'Company')
SIS Dividend Policy
CMG is pleased to announce that the board of Satellite Information Services
(Holdings) Limited ('SIS'), of which CMG owns 20.51%, has adopted a formal
dividend policy such that at least 50% of retained earnings are to be paid out
on an annual basis subject to cash flow requirements.
On 2 August 2007, in line with this dividend policy, the SIS board approved a
dividend of £10 million in respect of the retained earnings brought forward
balance as at 31 March 2007, of which CMG will receive £2.05 million, payable by
31 August 2007. The dividend will be applied in full to the repayment of the
Company's facility with Investec Bank (UK) Limited, which will bring the balance
owing to under £3 million. The Company's total indebtedness after this repayment
will then be reduced to under £6.8 million.
Enquiries:
Michael Rosenberg / Anna Prestwich
Catalyst Media Group plc 020 7927 6699
James Harris / Angela Peace
Strand Partners Limited 020 7409 3494
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