REG - Time Out Group plc - Block Admission Application

Time OutAnnouncement

30/06/2023 12:30

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RNS Number : 5801E  Time Out Group plc  30 June 2023

30 June 2023

 

Time Out Group plc

 

("Time Out", the "Company" or the "Group")

 

Block Admission Application

 

Time Out Group plc (AIM: TMO), the global media and hospitality business,
provides notification that a new block admission application (the "New Block
Admission Application") has been made to the London Stock Exchange for the
admission to trading on AIM of 2,500,000 ordinary shares of 0.1 pence each
in the Company (the "New Ordinary Shares").

 

The New Ordinary Shares will be issued from time to time in order to satisfy
the requirement to allot shares under the Company's Long Term Incentive Plan.
It is expected that admission will become effective on 5 July 2023.

 

This New Block Admission Application is in addition to the Company's existing
block admission of 2,000,000 shares announced on 25 March 2022 (the "Existing
Block Admission"). The Company has currently allotted 1,410,081 shares under
the Existing Block Admission.

 

When issued, the New Ordinary Shares will be credited as fully paid and will
rank pari passu in all respects with the existing ordinary shares of 0.1 pence
each in the capital of the Company.

 

 

 For further information, please contact:

 Time Out Group plc                               Tel: +44 (0)207 813 3000
 Chris Ohlund, CEO
 Patrick Foley, CFO
 Steven Tredget, Investor Relations Director

 Liberum (Nominated Adviser and Broker)           Tel: +44 (0)203 100 2222
 Andrew Godber / Clayton Bush /

Edward Thomas / Miquela Bezuidenhoudt

 FTI Consulting LLP                               Tel: +44 (0)203 727 1000
 Edward Bridges / Stephanie Ellis / Fiona Walker

 

 

Notes to editors

 

About Time Out Group plc

Time Out Group is a global media and hospitality business that inspires and
helps people 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 open Markets in cities such as Lisbon, New York and
Dubai, several new locations with expected opening dates in 2023 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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