REG - Time Out Group plc - PDMR Shareholding
01/11/2024 17:00
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RNS Number : 6934K Time Out Group plc 01 November 2024
1 November 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 following Director/PDMR notifications are made in connection with the
successful completion of the placing announced by the Company on 30 October
2024 (the "Placing") and the participation in that Placing by a number of
Directors of the Company (the "Participations").
Following the Participations, Peter Dubens, Non-Executive Chairman, holds
2.52% of the issued share capital of the Company, David Till, Non-Executive
Director, holds 0.29%, Alexander Collins, Non- Executive Director, holds
0.07%, Chris Ohlund, Chief Executive Officer, holds 0.06% and Matt Pritchard,
Chief Financial Officer, holds 0.02%.
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)
£0.50 666,666
d) Aggregated information
● Aggregated Volume ● 666.666
● Price ● £333,333
e) Date of the transaction 30 October 2024
f) Place of the transaction Off-market trade
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name David Till
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)
£0.50 666,666
d) Aggregated information
● Aggregated Volume ● 666.666
● Price ● £333,333
e) Date of the transaction 30 October 2024
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)
£0.50 200,000
d) Aggregated information
● Aggregated Volume ● 200,000
● Price ● £100,000
e) Date of the transaction 30 October 2024
f) Place of the transaction Off-market trade
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Chris Ohlund
2 Reason for the notification
a) Position/status Chief Executive 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 0.001p each
Identification code ISIN: GB00BYYV0629
b) Nature of the transaction Purchase of Shares
c) Price(s) and volume(s) Price(s) Volume(s)
£0.50 200,000
d) Aggregated information
● Aggregated Volume ● 200,000
● Price ● £100,000
e) Date of the transaction 30 October 2024
f) Place of the transaction Off-market trade
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Matthew Pritchard
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)
£0.50 60,000
d) Aggregated information
● Aggregated Volume ● 60,000
● Price ● £30,000
e) Date of the transaction 30 October 2024
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)
£0.50 666,668
d) Aggregated information
● Aggregated Volume ● 666,668
● Price ● £333,334
e) Date of the transaction 30 October 2024
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
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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