Board Appointment

RNS Number : 8798A

Time Out Group plc

01 October 2020

 

01 October 2020

Time Out Group plc

Appointment of David Till to the Board of Directors

Time Out Group plc is pleased to announce the appointment of David Till as a Non-Executive Director of its Board, with immediate effect. David is a qualified chartered accountant, senior partner of Oakley Capital Limited and has a wealth of experience in, operations, M&A, finance and due diligence.

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 David John Till, aged 56, 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:
Oakley Capital Limited	Broadstone Corporate Benefits Limited
Oakley Capital GmbH	Broadstone Financial Planning Limited
Pembroke Investment Managers LLP	Broadstone Risk & Healthcare Limited
Oakley Advisory Limited	BPI 55 Limited**
Oakley Capital Investments Limited  (Alternate Director)	Damoco Bidco Limited
Pembroke VCT Plc	Damoco Holdco Limited
BF 55 Limited	Damoco Midco Limited
BGE 55 Limited	Emplane Limited
BGM 55 Limited	EXMSG Limited**
Contabo Finco S.à r.l.	EXMS 11 Limited**
Contabo Luxco S.á r.l	Fitzwilliam Asset Management Limited**
Contabo Midco S.à r.l.	Flora Park General Partner Limited**
D.C. Nominees Limited	Freedom4 Limited
Duncan Clark Limited	Healthy & Eatali Limited
Kearsley Nominees Limited	HEIG (UK) Limited
LPEC Ltd	Janlex Advisers Corporate Member Limited
Oakley WebPros LuxCo S.à r.l.	JP-UK Delivery Limited
Pelican Luxco S.à r.l.	KX Chelsea Limited
Seven Miles Co-InvestCo S.á r.l	KX Covent Garden Limited
Seven Miles Lux SPV S.á r.l	Oakley Capital 5th Floor Limited
SPP Wombwell Limited	Oakley Capital (8th Floor) Limited
Velocity Oldco Bermuda Limited	Oakley Capital I Limited (Alternate Director)
XWDP Limited	Oakley Capital II Limited (Alternate Director)
Oakley Capital IV FM GP S.à r.l.	Oakley Capital Founder Member Limited (Alternate Director)
Oakley Capital IV S.à r.l	Penfield Inc Limited
Oakley Capital Holdings S.à r.l.	Principia Investment Management Limited
Oakley Capital IV Master Holdco S.à r.l.	Profounders Capital Limited
Oakley Capital Origin FM GP S.à r.l.	MDR Business Solutions Limited
Oakley Capital Origin Master Holdco S.à r.l.	SPP (General Partner) Limited
Oakley Capital Origin S.à r.l.	SPP Residential (General Partner) Limited
Boat Bidco Limited	Stonehill Founder Shares Corporate Member Limited
Boat International Group Limited	Temeraire Capital Limited
Chucs Restaurants Limited
JP-UK Limited
KX Group Holding Limited
KX Gym UK Limited
KX Holdings Limited
KX International Holdings Limited
KX U Limited
KX Café UK Limited
KX Spa UK Limited
KXDNA Limited
6D UK Lease Limited
Lechlade Capital Limited
Oakley Capital I Limited
Oakley Capital (Bermuda) Limited (Alternate Director)
Oakley Capital Founder Member Limited
Oakley Capital Interests Limited
Oakley Capital Management (Bermuda) Limited (Alternate Director)
Oakley Capital Partners LLP
Palmer Capital Associates Limited
Temeraire Capital Limited
Palmer Capital LLP
Pembroke Managers Limited
Peter Dubens Foundation
Oakley Capital Management Limited*
Aedos Fund Management (Bermuda) Limited (Alternate Director)
Lancaster Management (Jersey) Limited
Ocean Family Foundation

*currently in dissolution

**in solvent liquidation prior to dissolution

David was the finance director of Crown Products Group plc between November 1995 and January 1998 and a director of its subsidiary, Endbourne 1 Limited. Both of these companies entered into administrative receivership in 1998 with an overall creditor shortfall of approximately £7.5 million. David Till was also a non-executive director of Warner Brothers Studio Stores Limited, which was placed into administration in 2004 with a creditor shortfall of approximately £7.5 million.

David personally holds 214,280 ordinary shares in Time Out. David is also:

a)  An Alternate Director of Oakley Capital Investments Limited ("OCI") which holds 23.81% of the Company's issued share capital. OCI is a listed investment vehicle that invests in Oakley Capital Private Equity L.P. ("OCPE");

b)  A Director of Oakley Capital Limited, the investment adviser to OCPE, which holds 28.41% of the Company's issued share capital;

c)  A Limited Partner in OCPE, which holds 28.41% of the Company's issued share capital;

d)  An Alternate Director of Oakley Capital (Bermuda) Limited, which acts as manager of OCPE.

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 Till.

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 leisure 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 327 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 opened in Lisbon in 2014 and Miami, New York, Boston, Montreal and Chicago followed in 2019 with a further pipeline in other global locations. Time Out Group, listed on AIM, is headquartered in the United Kingdom.

 

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