REG - Time Out Group plc - Director/PDMR Shareholding

Time OutAnnouncement

08/01/2024 07:00

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RNS Number : 9258Y  Time Out Group plc  08 January 2024

8 January 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

 

The Company has been informed by its shareholders TO Bermuda Limited and TONY
Bermuda Limited, the investment holding companies of Oakley Capital Private
Equity L.P.  (the "Investment Fund") that the Investment Fund has reached the
end of its life and is being liquidated. As a result, its shares (which total
23.82% of the issued share capital of the Company) are being redistributed to
Oakley Capital Investments Limited and individuals with a beneficial interest
in the Investment Fund (the "Redistribution").

 

The Director/PDMR notifications below relate to the Redistribution. Following
the Redistribution, Mr Dubens has an interest in 12,195,267.90 shares,
representing 3.603% of the issued share capital of the Company and Mr Collins
has an interest in 34,055 shares, representing 0.01% of the issued share
capital of the Company.

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                      Peter Dubens
 2   Reason for the notification
 a)  Position/status                                                           Non-Executive Chairman
 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               Ordinary shares of 0.001p each

     Identification code                                                       ISIN: GB00BYYV0629

 b)  Nature of the transaction                                                 Purchase of Shares
 c)  Price(s) and volume(s)                                                    Price(s)                    Volume(s)

                                                                               £0.0536                     3,405,463
 d)  Aggregated information

     ·      Aggregated Volume                                                  ·      3,405,463

     ·      Price                                                              ·      £1,825,328.17
 e)  Date of the transaction                                                   28 December 2023
 f)  Place of the transaction                                                  Off-market trade

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                      Alexander Collins
 2   Reason for the notification
 a)  Position/status                                                           Non-Executive Director
 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               Ordinary shares of 0.001p each

     Identification code                                                       ISIN: GB00BYYV0629

 b)  Nature of the transaction                                                 Purchase of Shares
 c)  Price(s) and volume(s)                                                    Price(s)                    Volume(s)

                                                                               £0.0536                     34,055
 d)  Aggregated information

     ·      Aggregated Volume                                                  ·      34,055

     ·      Price                                                              ·      £18,253.48
 e)  Date of the transaction                                                   28 December 2023
 f)  Place of the transaction                                                  Off-market trade

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                      Oakley Capital Limited
 2   Reason for the notification
 a)  Position/status                                                           Oakley Capital Limited is controlled by Peter Dubens, Non-Executive Chairman
                                                                               of Time Out Group PLC
 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               Ordinary shares of 0.001p each

     Identification code                                                       ISIN: GB00BYYV0629

 b)  Nature of the transaction                                                 Purchase of Shares
 c)  Price(s) and volume(s)                                                    Price(s)                                 Volume(s)

                                                                               £0.0536                                  4,271,981
 d)  Aggregated information

     ·      Aggregated Volume                                                  ·      4,271,981

     ·      Price                                                              ·      £2,289,781.82
 e)  Date of the transaction                                                   28 December 2023
 f)  Place of the transaction                                                  Off-market trade

 

 

 

 

 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

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

 Joshua Borlant

 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 seven 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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