Grant of Options

RNS Number : 9028J

Time Out Group plc

29 December 2020

 

29 December 2020

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 23 December 2020, the following nil cost options have been granted to Persons Discharging Managerial Responsibility of the Company, replacing market value options previously granted:

Name	Options subject to service only	Options subject to share price targets	Waived market value options
Julio Bruno	3,300,000	7,700,000	7,800,000
Didier Souillat	1,350,000	3,150,000	N/A

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	1. Julio Bruno 2. Didier Souillat
2	Reason for the notification
a)	Position/status	1. CEO, Time Out Group plc 2. CEO, Time Out Market
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)	Name Price(s) Volume(s) 1. Julio Bruno £N/A GBP 11,000,000 2. Didier Souillat £N/A GBP 4,500,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction for each individual) £N/A GBP
e)	Date of the transaction	23 December 2020
f)	Place of the transaction	London

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	Waiving of options
c)	Price(s) and volume(s)	Price(s) Volume(s) £N/A GBP 7,800,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction for each individual) £N/A GBP
e)	Date of the transaction	23 December 2020
f)	Place of the transaction	London

 

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