Appointment of Chief Financial Officer

RNS Number : 1412J

Time Out Group plc

28 March 2018

 

28 March 2018

Time Out Group plc

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

Appointment of Chief Financial Officer

Time Out Group plc (AIM: TMO), the global media and entertainment business, is pleased to announce that Adam Silver will be appointed Chief Financial Officer and to the Board of Directors with effect from 29 March 2018.

Adam Silver, who is London based, brings many years of experience in growth companies. He joins from Just Eat where he was UK CFO, having joined prior to its listing on the main market of the London Stock Exchange. Prior to Just Eat, he was Group CFO and co-founder of The Karma Communications Group, a private equity backed marketing services group. Previously, Adam was an Investment Director at Ingenious Media and Hamilton Bradshaw, where he led growth capital investments in the media sector. Adam qualified as a Chartered Accountant at KPMG where he also spent a number of years within the Strategic & Commercial Intelligence practice in London and New York.  Adam has a degree in Accounting and Finance from the University of Leeds.

Adam succeeds Richard Boult who will step down as the Group's CFO and from the Board at the same time to pursue new opportunities and the Group thanks him for his contribution to the Company, particularly leading up to and following its IPO.

Julio Bruno, CEO of Time Out Group plc, stated:

"I am delighted Adam is joining Time Out Group as its new CFO. He brings outstanding financial and commercial experience and great passion to the role; I look forward to working with him as we continue to diversify and grow the business.

"Adam will take over from Richard Boult who joined in 2016 shortly before our successful IPO and played a key role during this crucial time and milestone event for the Group. On behalf of the whole team and the Board, I would like to thank Richard for his great contribution and we wish him well in his future endeavours."

The names of all companies and partnerships of which Adam Silver, aged 42, has been a director or partner at any time in the previous five years are set out below:

Previous directorships

Orogo Limited

Nifty Nosh Limited

Karma Communications Group Limited

Karmarama Limited

Acquity Customer Insight Limited

Crayon Retail Limited

Karma Communications Debtco Limited

Karmarama Comms Limited

Kream Comms Limited

Karma Communications Holdings Limited

K Comms Group Limited

Fusion Management Limited

BW 2012 Limited

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule Two to the AIM Rules.

For further information, please contact:
Time Out Group plc	Tel: [phone]
Julio Bruno, CEO
Steven Tredget, Investor Relations Director
Liberum Capital Limited (Nominated Adviser and Broker)	Tel: [phone]
Steve Pearce / Jill Li
FTI Consulting LLP	Tel: [phone]
Edward Bridges / Stephanie Ellis / Emma Hall

Notes to editors

About Time Out Group plc

Time Out Group is the leading global media and entertainment business with a content distribution network comprising digital, mobile, apps, social media and print and a physical presence via Live Events and Time Out Market. Using these platforms and its well-established global brand, Time Out seeks to inspire and enable people to make the most of a city, through curated content around food, drink, music, theatre, art, travel and entertainment.  Time Out, listed on AIM and headquartered in the United Kingdom, is present in 108 cities in 39 countries and has an average global monthly audience reach of 217 million.

 

END

 

 

BOABUGDXRUDBGIR