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 +44 (0) 7785 727 595
Melvin Lawson, Non-Executive Director +44 (0)20 7734 8111
Strand Hanson Limited +44 (0)20 7409 3494
James Harris
Richard Tulloch
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014.
