Catalyst Media Group PLC Update regarding SIS litigation (6859B)
October 09 2020 - 09:00AM
UK Regulatory
TIDMCMX
RNS Number : 6859B
Catalyst Media Group PLC
09 October 2020
9 October 2020
Catalyst Media Group Plc
("CMG", "Catalyst" or the "Group")
Update regarding SIS litigation
The Company provides the following update in respect of Sports
Information Services (Holdings) Limited ("SIS") in which CMG has an
approximate 20.54% interest.
As previously announced, SIS is currently involved in a Court
case that was heard at the High Court in January/February 2019 (the
"Case"). The Case has been brought by The Racing Partnership
("TRP") and others against SIS's subsidiary, Sports Information
Services Limited ("SISL"), and others.
The Company has been informed by SISL that the Court of Appeal
has today handed down judgment in relation to the appeals against
various elements of the judgment of Mr Justice Zacaroli in the High
Court in respect of liability issues in the Case.
CMG understands from SISL that the Court of Appeal has:
(1) Upheld SISL's appeal in relation to the finding of breach of
confidence in relation to certain race day data supplied to SISL by
a co-defendant; and
(2) Upheld TRP's appeal against the dismissal of its claims for
unlawful means conspiracy.
CMG has been informed that SISL's management note that both SISL
and its witnesses remain vindicated with regards to any allegation
of fraudulent and/or dishonest conduct.
No ruling has been given as to any damages.
SISL has informed CMG that in light of the above, SISL's
management will be consulting with its advisors with regard to next
steps.
CMG will make further announcements in relation to the Case as
appropriate.
Enquiries:
Catalyst Media Group Plc
Michael Rosenberg, Non-executive Chairman: 07785 727 595
Melvin Lawson, Non-executive Director: 020 7734 8111
Strand Hanson Limited: 020 7409 3494
James Harris
Richard Tulloch
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
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END
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