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: +44 (0) 207 813 3000

Julio Bruno, CEO

 

Steven Tredget, Investor Relations Director

 

 

 

Liberum (Nominated Adviser and Broker)

Tel: +44 (0) 203 100 2222

Clayton Bush / Andrew Godber / Edward Thomas

 

 

 

FTI Consulting LLP

Tel: +44 (0) 203 727 1000

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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