Issue of deferred consideration shares

RNS Number : 0432Y

Time Out Group plc

16 August 2018

 

16 August 2018

Time Out Group plc

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

Issue of deferred consideration shares

Time Out Group plc (AIM: TMO), the global media and entertainment business, announces that pursuant to the acquisition of its Spanish licensing partner 80 MÉS 4 PUBLICACIONS, S.L. announced on 5 September 2017, 1,060,423 new ordinary shares were issued to the vendor on 15 August 2018 as deferred consideration. The shares will be allotted from the Company's block listing of 1,250,000 ordinary shares (as announced on 29 May 2018), admitted on 31 May 2018. 

The number of ordinary shares to be issued as deferred consideration was calculated with reference to, inter alia, the prevailing average share price of the five days up to and including 14 August.

Following Admission, the Company's issued share capital will comprise 134,601,891 ordinary shares of 0.1 pence each and may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

For further information, please contact:
Time Out Group plc	Tel: [phone]
Julio Bruno, CEO
Adam Silver, 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 / Darius Alexander

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.

 

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