Catalyst Media Group PLC Transaction in Own Shares and Director Dealing (6307O)

TIDMCMX

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          Number of     Transaction 
  - GMT)        Ordinary Shares    price (pence 
                      purchased      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               Ordinary shares of 10p each 
       Financial instrument,            ("Shares") 
       type of instrument 
---  -------------------------------  ---------------------------- 
      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           n/a 
       Aggregated volume 
       Price 
---  -------------------------------  ---------------------------- 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 08, 2016 08:00 ET (13:00 GMT)