Time Out Group plc Grant of Options (3321V)
April 05 2019 - 10:00AM
UK Regulatory
TIDMTMO
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 2(nd) April 2019, the following nil cost options and
options exercisable at GBP0.90 have been granted to Persons
Discharging Managerial Responsibility of the Company.
Name Options Granted Conditions
Julio Bruno 1,000,000 Exercisable at GBP0.90 in
three equal tranches, the
first exercisable from 2(nd)
April 2020, the second from
2(nd) April 2021, and the
third from 2(nd) April 2022
---------------- ------------------------------
Julio Bruno 600,000 Exercisable at nil cost in
three equal tranches, the
first exercisable from 2(nd)
April 2020, the second from
2(nd) April 2021, and the
third from 2(nd) April 2022
---------------- ------------------------------
Adam Silver 700,000 Exercisable at GBP0.90 in
three equal tranches, the
first exercisable from 2(nd)
April 2020, the second from
2(nd) April 2021, and the
third from 2(nd) April 2022
---------------- ------------------------------
Adam Silver 300,000 Exercisable at nil cost in
three equal tranches, the
first exercisable from 2(nd)
April 2020, the second from
2(nd) April 2021, and the
third from 2(nd) 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/ Initial Notification
Amendment
--------------------------- ------------------------------------------
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 Options over Ordinary shares of GBP0.001
of the financial in Time Out Group plc
instrument,
type of instrument
Identification
code ISIN: GB00BYYV0629
--------------------------- ------------------------------------------
b) Nature of Grant of options under Time Out Group
the transaction plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
GBPN/A GBP
(1,000,000
exercisable
at 90p, 600,000
exercisable
at nil cost) 1,600,000
-----------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume Options over 1,600,000 shares
GBPN/A GBP
* Price
--------------------------- ------------------------------------------
e) Date of the 2 April 2019
transaction
--------------------------- ------------------------------------------
f) Place of London
the transaction
--------------------------- ------------------------------------------
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/ Initial Notification
Amendment
--------------------------- ------------------------------------------
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 Options over Ordinary shares of GBP0.001
of the financial in Time Out Group plc
instrument,
type of instrument
Identification
code ISIN: GB00BYYV0629
--------------------------- ------------------------------------------
b) Nature of Grant of options under Time Out Group
the transaction plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
GBPN/A GBP
(700,000 exercisable
at 90p, 300,000
exercisable
at nil cost) 1,000,000
-----------
--------------------------- ------------------------------------------
d) Aggregated
information
* Aggregated volume Options over 1,000,000 shares
GBPN/A GBP
* Price
--------------------------- ------------------------------------------
e) Date of the 2 April 2019
transaction
--------------------------- ------------------------------------------
f) Place of London
the transaction
--------------------------- ------------------------------------------
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
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