Grant of Options

RNS Number : 0218D

Time Out Group plc

21 April 2017

 

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

21 April 2017

Grant of Options

Time Out Group plc (AIM: TMO), the global media and entertainment business with food and cultural markets, and its Remuneration Committee announce that on 21 April 2017 the following nil cost options and options exercisable at 135p have been granted to Persons Discharging Managerial Responsibilities of the Company. 

Name	Options Granted	Conditions
Julio Bruno	300,000	Exercisable at nil cost in three equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020.
Christine Petersen	200,000	Exercisable at nil cost in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021.
Christine Petersen	850,000	Exercisable at a price of 135p in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021.
Richard Boult	200,000	Exercisable at a price of 135p in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021.

The options are issued under the Time Out Group plc Long Term Incentive Plan.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julio Bruno
2	Reason for the notification
a)	Position/status	CEO, Time Out Group plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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 Identification code	Options over Ordinary shares of £0.001 in Time Out Group plc ISIN: GB00BYYV0629
b)	Nature of the transaction	Grant of options under Time Out Group plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £N/A GBP 300,000
d)	Aggregated information -        Aggregated volume -      Price	Options over 300,000 shares £N/A GBP
e)	Date of the transaction	21 April 2017
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christine Petersen
2	Reason for the notification
a)	Position/status	Director, Time Out Group plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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 Identification code	Options over Ordinary shares of £0.001 in Time Out Group plc ISIN: GB00BYYV0629
b)	Nature of the transaction	Grant of options under Time Out Group plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £N/A GBP (850,000 exercisable at 135p, 200,000 exercisable at nil cost) 1,050,000
d)	Aggregated information -        Aggregated volume -      Price	Options over 1,050,000 shares £N/A GBP
e)	Date of the transaction	21 April 2017
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Boult
2	Reason for the notification
a)	Position/status	Director, Time Out Group plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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 Identification code	Options over Ordinary shares of £0.001 in Time Out Group plc ISIN: GB00BYYV0629
b)	Nature of the transaction	Grant of options under Time Out Group plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £N/A GBP 200,000
d)	Aggregated information -        Aggregated volume -      Price	Options over 200,000 shares £N/A GBP
e)	Date of the transaction	21 April 2017
f)	Place of the transaction	London

For further information, please contact:

Time Out Group plc                                                                                             Tel: [phone]

Julio Bruno, CEO

Richard Boult, CFO

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 Appleton / Frances Elworthy

Notes to editors

About Time Out Group plc

Time Out is the leading global media and entertainment business with a content distribution network comprising digital, mobile, apps, social media and magazines 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, style, travel and entertainment.  Time Out, listed on AIM and headquartered in the United Kingdom, is present in 108 cities and 39 countries and has a global monthly audience reach of 156 million.

 

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