REG - Time Out Group plc - Grant of Options
RNS Number : 9028JTime Out Group plc29 December 202029 December 2020
Time Out Group Plc
("Time Out" or the "Company")
Grant of Options
Time Out Group plc (AIM: TMO), the global media and entertainment business, and its Remuneration Committee announce that on 23 December 2020, the following nil cost options have been granted to Persons Discharging Managerial Responsibility of the Company, replacing market value options previously granted:
Name
Options subject to service only
Options subject to share price targets
Waived market value options
Julio Bruno
3,300,000
7,700,000
7,800,000
Didier Souillat
1,350,000
3,150,000
N/A
The options are issued under the Time Out Group plc Long Term Incentive Plan.
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
1.
Julio Bruno
2.
Didier Souillat
2
Reason for the notification
a)
Position/status
1.
CEO, Time Out Group plc
2.
CEO, Time Out Market
b)
Initial notification/ Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Options over Ordinary shares of £0.001 in Time Out Group plc
ISIN: GB00BYYV0629
b)
Nature of the transaction
Grant of options under Time Out Group plc Long Term Incentive Plan
c)
Price(s) and volume(s)
Name
Price(s)
Volume(s)
1.
Julio Bruno
£N/A GBP
11,000,000
2.
Didier Souillat
£N/A GBP
4,500,000
d)
Aggregated information
- Aggregated volume
- Price
n/a (single transaction for each individual)
£N/A GBP
e)
Date of the transaction
23 December 2020
f)
Place of the transaction
London
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Julio Bruno
2
Reason for the notification
a)
Position/status
CEO, Time Out Group plc
b)
Initial notification/ Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Options over Ordinary shares of £0.001 in Time Out Group plc
ISIN: GB00BYYV0629
b)
Nature of the transaction
Waiving of options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£N/A GBP
7,800,000
d)
Aggregated information
- Aggregated volume
- Price
n/a (single transaction for each individual)
£N/A GBP
e)
Date of the transaction
23 December 2020
f)
Place of the transaction
London
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDDSHFLFFDFDLTFII
Recent news on Time Out
See all newsREG - Time Out Group plc - Total Voting Rights
AnnouncementREG - Time Out Group plc - Time Out Market Porto Opens
AnnouncementREG - Time Out Group plc - Block Admissions Six Monthly Return
AnnouncementREG - Time Out Group plc - New Time Out Market – Budapest (Mgmt Agreement)
AnnouncementREG - Time Out Group plc - Holding(s) in Company
Announcement