Grant of Options

RNS Number : 3321V

Time Out Group plc

05 April 2019

 

5 April 2019

Time Out Group Plc

("Time Out" or the "Company")

Grant of Options

Time Out Group plc (AIM: TMO), the global media and entertainment business, and its Remuneration Committee announce that on 2^nd April 2019, the following nil cost options and options exercisable at £0.90 have been granted to Persons Discharging Managerial Responsibility of the Company.

Name	Options Granted	Conditions
Julio Bruno	1,000,000	Exercisable at £0.90 in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022
Julio Bruno	600,000	Exercisable at nil cost in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022
Adam Silver	700,000	Exercisable at £0.90 in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022
Adam Silver	300,000	Exercisable at nil cost in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022

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

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 (1,000,000 exercisable at 90p, 600,000 exercisable at nil cost) 1,600,000
d)	Aggregated information -        Aggregated volume -      Price	Options over 1,600,000 shares £N/A GBP
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adam Silver
2	Reason for the notification
a)	Position/status	CFO, 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 (700,000 exercisable at 90p, 300,000 exercisable at nil cost) 1,000,000
d)	Aggregated information -        Aggregated volume -      Price	Options over 1,000,000 shares £N/A GBP
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London

For further information, please contact:
Time Out Group plc	Tel: [phone]
Julio Bruno, CEO
Adam Silver, CFO
Steven Tredget, Investor Relations Director
Liberum (Nominated Adviser and Broker)	Tel: [phone]
Steve Pearce / Trystan Cullen
FTI Consulting LLP	Tel: [phone]
Edward Bridges / Stephanie Ellis

Notes to editors

About Time Out Group plc

Time Out Group is a global media and entertainment business that helps people make the most of the city. Its digital and physical presence comprises websites, mobile, magazines, Live Events and Time Out Market. Across these platforms Time Out distributes its curated content around the best food, drink, music, theatre, art, travel and entertainment across 315 cities and in 58 countries. Time Out, listed on AIM, is headquartered in the United Kingdom. 

 

END

 

 

DSHLLFEVSAIEIIA