Notification of Directors' Interests

RNS Number : 5479H

Time Out Group plc

15 November 2018

 

15 November 2018

Time Out Group Plc

("Time Out" or the "Company")

Notification of Directors' Interests

The Company announces that Christine Petersen, Executive Director, notified the Company on 15 November 2018 that she exercised options over a total of 50,000 Ordinary Shares awarded on 21 April 2017 under the Company's Long Term Incentive Plan. The options were nil cost. Ms. Petersen sold all 50,000 of the Ordinary Shares exercised at an average price of 77 pence per share on the same day.   

Following this notification, Ms. Petersen does not hold any shares in the Company and continues to have options over a maximum of 1,650,000 Ordinary Shares.

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	Christine Petersen
2	Reason for the notification
a)	Position/status	Executive Director
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	Ordinary shares in Time Out Group plc ISIN: GB00BYYV0629
b)	Nature of the transaction	Exercise of nil cost options awarded 21 April 2017 under Time out Group Plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 50,000
d)	Aggregated information -        Aggregated volume -      Price	n/a (single transaction)
e)	Date of the transaction	15 November 2018
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christine Petersen
2	Reason for the notification
a)	Position/status	Executive Director
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	Ordinary shares in Time Out Group plc ISIN: GB00BYYV0629
b)	Nature of the transaction	Sales of shares following exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.77 50,000
d)	Aggregated information -        Aggregated volume -      Price	n/a (single transaction)
e)	Date of the transaction	15 November 2018
f)	Place of the transaction	London Stock Exchange, AIM

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 / Cameron Duncan / Trystan Cullen

FTI Consulting LLP                                                                                                Tel: [phone]

Edward Bridges / Stephanie Ellis

Notes to editors

About Time Out Group plc

Time Out Group is a multi-platform media and e-commerce business with a global content distribution network comprising magazines, online, mobile apps, mobile web and 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 experience the best of a city, through curated content around 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.

 

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