REG - Time Out Group plc - PDMR Notficiation

Time OutAnnouncement

23/10/2024 17:15

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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               Ordinary shares of £0.001 each

     Identification code                                                       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                                                  ·      N/a single transaction

     ·      Price                                                              ·      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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