Catalyst Media Group PLC Transaction in Own Shares and Director Dealing (6307O)
November 08 2016 - 7:00AM
UK Regulatory
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 +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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSBDBDBSUGBGLI
(END) Dow Jones Newswires
November 08, 2016 08:00 ET (13:00 GMT)
Catalyst Media (LSE:CMX)
Historical Stock Chart
From Apr 2024 to May 2024
Catalyst Media (LSE:CMX)
Historical Stock Chart
From May 2023 to May 2024