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 2nd 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: +44 (0)207 813 3000

Julio Bruno, CEO


Adam Silver, CFO


Steven Tredget, Investor Relations Director




Liberum (Nominated Adviser and Broker)

Tel: +44 (0)203 100 2222

Steve Pearce / Trystan Cullen




FTI Consulting LLP

Tel: +44 (0)203 727 1000

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. 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHLLFEVSAIEIIA
UK 100

Latest directors dealings