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REG - Time Out Group plc - Statement regarding London Market

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RNS Number : 7572J  Time Out Group plc  25 October 2024

 

 

 

25 October 2024

Time Out Group plc

("Time Out" or the "Company")

Statement regarding London Market

Time Out Group plc (AIM: TMO), the global media and hospitality business,
notes recent media speculation regarding a potential new Time Out Market in
London ("London Market").

Time Out confirms that the Company is in negotiations in relation to a
potential London Market as part of a pipeline of further global locations in
the ordinary course of business.

The Company has not entered into any legally binding arrangements in relation
to any London Market and there can therefore be no certainty that the current
negotiations will result in a subsequent opening.

Further announcements will be made as and when appropriate.

 Enquiries:

 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 / Ailsa Macmaster / Joshua Borlant
 Rupert Dearden
 FTI Consulting LLP                                                Tel: +44 (0) 203 727 1000
 Edward Bridges

 

Important notices

 

This announcement does not constitute or form part of any offer or invitation
to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or
issue, or any solicitation of any offer to sell, otherwise dispose of, issue,
purchase, otherwise acquire or subscribe for, any security.

 

This Announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's plans and its current goals and
expectations relating to its future financial condition and performance and
which involve a number of risks and uncertainties.  The Company cautions
readers that no forward-looking statement is a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking statements. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current facts.
Forward-looking statements sometimes use words such as "aim", "anticipate",
"target", "expect", "estimate", "intend", "plan", "goal", "believe", or other
words of similar meaning.  By their nature, forward-looking statements
involve risk and uncertainty because they relate to future events and
circumstances, including, but not limited to, economic and business
conditions, the effects of continued volatility in credit markets,
market-related risks such as changes in the price of commodities or changes in
interest rates and foreign exchange rates, the policies and actions of
governmental and regulatory authorities, changes in legislation, the further
development of standards and interpretations under International Financial
Reporting Standards ("IFRS") applicable to past, current and future periods,
evolving practices with regard to the interpretation and application of
standards under IFRS, the outcome of pending and future litigation or
regulatory investigations, the success of future explorations, acquisitions
and other strategic transactions and the impact of competition. A number of
these factors are beyond the Company's control. As a result, the Company's
actual future results may differ materially from the plans, goals, and
expectations set forth in the Company's forward-looking statements. You should
not place undue reliance on forward-looking statements. Any forward-looking
statements made in this Announcement by or on behalf of the Company speak only
as of the date they are made. Except as required by the Financial Conduct
Authority, London Stock Exchange plc or applicable law, the Company expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this Announcement to
reflect any changes in the Company's expectations with regard thereto or any
changes in events, conditions or circumstances on which any such statement is
based.

 

Note to editors

 

About Time Out Group

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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