Time Out Group plc PDMR Notficiation
23 Oktober 2024 - 6:08PM
RNS Regulatory News
RNS Number : 3653J
Time Out Group plc
23 October 2024
23 October 2024
Time Out Group
plc
("Time Out" or the
"Company")
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them
Time Out Group plc (AIM: TMO),
announces that on 1 February 2024, the Company granted options over
500,000 ordinary shares of £0.001 each in the Company (the
"Options") to Matt Pritchard, Chief Financial Officer.
The Options were awarded pursuant to
the Company's Long Term Incentive Plan, have an exercise price of
£0.53, vesting one third on each of the three anniversaries
following the award date.
Following the award, Matt Pritchard
has options (subject to meeting relevant conditions) over 3,000,000
ordinary shares in aggregate.
The information set out below is
provided in accordance with the requirements of the UK Market Abuse
Regulation.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Matthew Pritchard
|
|
2
|
Reason for the notification
|
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, UK emission allowance market
participant, auction platform or auctioneer
|
|
|
a)
|
Name
|
Time Out Group PLC
|
|
b)
|
LEI
|
213800BWH4OF8S4R8K10
|
|
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
Identification code
|
Ordinary shares of £0.001
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Grant of options over Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
Price (£)
|
Volume(s)
|
|
Option exercise price of
£0.53
|
500,000
|
|
d)
|
Aggregated information
· Aggregated Volume
· Price
|
· N/a
single transaction
· N/a
|
|
e)
|
Date of the transaction
|
1 February 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
For
further information, please contact:
|
|
|
|
|
|
Time
Out Group plc
|
Tel: +44 (0)207 813 3000
|
|
Chris Ohlund,
CEO
Matt Pritchard, CFO
|
|
|
|
|
|
Steven Tredget, Investor Relations
Director
|
|
|
|
|
|
Panmure Liberum (Nominated Adviser and
Broker)
|
Tel: +44 (0)203 100 2222
|
|
Andrew Godber / Edward Thomas
/
Joshua Borlant / Ailsa
MacMaster
|
|
|
|
|
|
FTI
Consulting LLP
|
Tel: +44 (0)203 727 1000
|
|
Edward Bridges / Fiona
Walker
|
|
Notes to editors
About Time Out Group plc
Time Out Group is a global media and
hospitality business that inspires and enables people to experience
the best of the city through its two divisions - Time Out Media and
Time Out Market. Time Out launched in London in 1968 to help people
discover the exciting new urban cultures that had started up all
over the city - today it is the only global brand dedicated to city
life. Expert journalists curate and create content about the best
things to Do, See and Eat across 333 cities in 59 countries and
across a unique multi-platform model spanning both digital and
physical channels. Time Out Market is the world's first editorially
curated food and cultural market, bringing a city's best chefs,
restaurateurs and unique cultural experiences together under one
roof. The portfolio includes nine open Markets in cities such as
Lisbon, New York and Dubai, several new locations with expected
opening dates in 2024 and beyond, in addition to a pipeline of
further locations in advanced discussions. Time Out Group PLC,
listed on AIM, is headquartered in the United Kingdom.
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END
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