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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