Catalyst Media Group PLC
30 June 2005
30 June 2005
Catalyst Media Group plc
('Catalyst' or the 'Company')
Suspension of shares pending proposed Reverse Takeover
The Company announced on 12 November 2004 that it was in advanced negotiations
to acquire a 20 per cent stake in Satellite Information Services (Holdings)
Limited ('SIS') from United Business Media plc ('SIS Acquisition'). The SIS
Acquisition would constitute a reverse takeover in accordance with the AIM
Rules. Accordingly, the Company announced the suspension of its ordinary share
capital from trading on the AIM market of the London Stock Exchange.
The Company is pleased to announce that these negotiations are nearing
completion and expects to be in a position to update shareholders on progress by
20 July 2005. In the interim the shares remain suspended.
For further information, please contact:
Paul Duffen, Chief Executive
Catalyst Media Group plc
+44 20 7927 6699
End
This information is provided by RNS
The company news service from the London Stock Exchange