Appointment of Chris Ohlund

RNS Number : 7922F

Time Out Group plc

20 July 2021

 

20 July 2021

Time Out Group plc

Appointment of Sven ("Chris") Ohlund to the Board of Directors

Time Out Group plc ("Time Out") is pleased to announce the appointment of Chris Ohlund as Executive Vice Chairman of its Board, with effect from 20 July 2021.

Chris brings with him significant experience with digital consumer and media companies. Previously he served as Head of Digital Media of the Blick-Group (a subsidiary of Ringier AG), a multinational media company with over 7,500 employees globally and Verivox Group, a German independent online consumer price comparison service for energy, banking, insurance and telecom services where he oversaw a tripling of revenues and EBITDA during his tenure.

Chris has also served on the Boards of large and successful British enterprises including Parcel2Go (one of the UK's leading parcel delivery comparison websites) and Residently (a digital property rental venture).

Peter Dubens, Chairman of Time Out Group plc, commented:

"Chris Ohlund is a highly experienced digital executive with a track record of achieving growth and innovation in corporate environments and we welcome him to the board of Time Out. His entrepreneurial background fits well with Time Out's culture and he will be of significant value to the Board as we deliver against our ambitious growth strategy."

Further Information: Disclosure required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies

The names of all companies and partnerships of which Chris Ohlund, aged 57, has been a director or partner at any time in the previous five years are set out below:

Current directorships or partnerships:	Previous directorships or partnerships:
Residently Services (UK) Limited	Verivox Schweiz AG*
Residently Leasing (UK) Limited	Velocity Oldco UK1 Limited
Residently Holdings Limited	Renaissance Holdco Limited
Modest Investments AG	Facile.it Topco Limited
International Retirement Solutions AG	Facil.it Group Limited
Hadlee Bidco Limited (Parcel2Go)	Casa.it S.r.l
Gigi Operations Ltd

*in solvent liquidation prior to dissolution

Chris was a Director at Gateway Computer Denmark ApS between 13 December 2000 and 14 January 2002. In 2001, this company confirmed closure of all operations in Europe, Middle East and Africa following which it entered into creditor's voluntary liquidation in 2002 and was subsequently dissolved.

Chris was a Director at Verivox Schweiz AG between 24 May 2017 and 28 December 2018. In 2019, Verivox Schweiz AG ceased trading operations and has since conducted an orderly wind down. The dissolution was agreed by the AGM on 24 April 2020.

Chris personally holds no ordinary shares in Time Out.

Save as set out in this announcement, there are no further details to be disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of Mr. Ohlund.

For further information, please contact:
Time Out Group plc	Tel: [phone]
Julio Bruno, CEO
Steven Tredget, Investor Relations Director
Liberum (Nominated Adviser and Broker)	Tel: [phone]
Clayton Bush / Andrew Godber / Edward Thomas
FTI Consulting LLP	Tel: [phone]
Edward Bridges / Stephanie Ellis / Fiona Walker

Notes to editors

About Time Out Group plc

Time Out Group is a global media and hospitality business that helps people explore and experience the best of the city through its two divisions - Time Out Media and Time Out Market. Time Out launched in London in 1968 with a magazine to help people discover the exciting new urban cultures that had started up all over the city. Today, the Group's digital and physical presence comprises websites, mobile, magazines, live events and Time Out Market. Across these platforms Time Out distributes its curated content - written by professional journalists - around the best food, drink, culture, entertainment and travel across 328 cities in 58 countries.

Time Out Market is a food and cultural market which brings the best of the city under one roof: its best chefs, drinks and cultural experiences - based on editorial curation. The first Time Out Market debuted in 2014, attracting locals and tourists with 4.1m visitors in 2019. The success of Lisbon brought further expansion in North America, launching in five major cities including Miami, New York, Boston, Chicago and Montréal. At the beginning of 2021, Time Out Market expanded into the Middle East with Time Out Market Dubai. More Time Out Market locations are in the pipeline including Prague, Abu Dhabi and Porto. Time Out Group, listed on AIM, is headquartered in the United Kingdom.

 

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