Last checked at 20 Jan 2017 07:00
20 January 2017
Time Out Group plc
("Time Out", the "Company" or the "Group")
Announces Appointment of Matthew Riley to the Board of Directors
Time Out Group plc (AIM: TMO), the global multi-platform media and e-commerce business with food & cultural markets, is pleased to announce the appointment of Matthew Riley as non-executive Director to its Board of Directors, with effect from 23 January 2017.
Matthew Riley brings with him significant experience with publicly listed, high growth companies. He is the founder and Chairman of the Daisy Group of companies, a business he launched in 2001 which he has built into one of Britain's leading business technology and communications providers. During this growth, the Daisy Group enjoyed a successful period of expansion as an AIM company, from 2009 to 2015, before being successfully taken back into private ownership.
Named 'Dealmaker of the Year' at the M&A Awards in 2010 and having received a 'Lifetime Achievement Award' at the Comms National Awards in 2012, Matthew also serves as Chairman of private start-up businesses U-Explore and Grassroots Wholesale Foods.
Julio Bruno, CEO of Time Out Group plc, commented:
"I am delighted to welcome Matthew Riley to the Board of Time Out Group. He will be a fantastic addition as he brings exceptional leadership experience and has a successful track record of rapidly growing a business.
He is driven, entrepreneurial and innovative. It is this experience that perfectly matches Time Out's DNA and will be of significant value for the Board as we deliver against our ambitious growth strategy and our mission to help people discover, book and share what the world's cities have to offer."
Matthew Riley said:
"I'm very passionate about entrepreneurship and this is why I've decided to join the Board of Time Out Group. This is an iconic heritage brand that is reinventing itself and whilst staying true to its roots, the business is successfully diversifying to drive further growth and shareholder value. I'm looking forward to supporting Time Out Group with my experience I've gained expanding and rapidly growing Daisy."
The names of all companies and partnerships of which Matthew Robinson Riley, aged 42, has been a director or partner at any time in the previous five years are set out below:
Current directorships & partnerships | Previous directorships & partnerships in the last five years |
9K Limited | Daisy Mobile Holdings Limited |
ABSE Limited | Daisy Mobile Limited |
Alternative Cloud Services Limited | Genesis Mobile Communications Group Limited |
Alternative Networks Limited | International VOIP Communications Limited |
Anglia Telecom Centres Limited | Mobotel Limited |
Aurora Kendrick James Limited | Mobotel Management Limited |
BNS Mobile Limited | NEG Telecom Ltd |
BNS Telecom Group Limited | Purity IT Limited |
CIX Holdings Limited | Spiritel Business Limited |
Compulink Information Exchange Limited | Spiritel Callplan Limited |
Control Circle Limited | Spiritel Housing Communications Limited |
Criffel Micro Business Systems Limited | Spiritel IP Communications (London) Limited |
Daisy 1000 Limited | Spiritel IP Communications Limited |
Daisy Group plc | Spiritel IP Communications Scotland Limited |
Daisy Communications Ltd | Spirtel IP Solutions Limited |
Daisy Computer Group Limited | Spiritel IT Limited |
Daisy Corporate Services Limited | Spiritel Managed Services Limited |
Daisy Data Centre Solutions Limited | Spiritel Networks Services Limited |
Daisy Data Solutions Limited | Spiritel Networks (London) Limited |
Daisy Digital Limited | Spiritel Networks Limited |
Daisy Digital Media Limited | Spiritel Technologies Limted |
Daisy Distribution Limited | Tempest Technology Limited |
Daisy Finco Limited | WN1 Limited |
Daisy Group Holdings Limited | Open-Link Technology Limited |
Daisy Holdings Limited | My Servassure Limited |
Daisy Intermediate Holdings Limited | Aerofone (UK) Limited |
Daisy IT Computer Group (Scotland) Limited | BDR Mobiles Limited |
Daisy IT Continuity & Resilience Services Limited | Daisy Networks Limited |
Daisy IT Continuity Consulting Limited | IP Integration Network Services Limited |
Daisy IT Group Limited | Symphony Telecom Limited |
Daisy IT Managed Services Limited | 3G Comms Limited |
Daisy IT Services Limited | BNS Telecom Limited |
Daisy IT Shared Services Limited | Chamber Telecom Limited |
Daisy Midco Limited | Cheapercalls.com Limited |
Daisy Partner Services Limited | Modus Telecom Limited |
Daisy Partner Services Trading Limited | Cole Robert & Co Limited |
Daisy Pikco Limited | Fone Logistics Limited |
Daisy Surgery Line Limited | ADK Communications Limited |
Daisy Telecoms Limited | Ashland Communication Equipment Limited |
Daisy Updata Communications Limited | Intrika Limited |
Daisy Wholesale Limited | Boucon Network Solutions Limited |
Daisy Wifi Limited | Seafood Pub Company Holdings Limited |
Daisy Worldwide Limited | |
Damovo UK Limited | |
Echo Communications Limited | |
Faultbasic Limited | |
Fleur Telecom Limited | |
Freedom4 Access Limited | |
Freedom4 Limited | |
Genesis Mobile Communications Limited | |
GX Networks UK Limited | |
ICM Limited | |
Infinicom Communications Limited | |
Intecept IT Limited | |
Knaves Beech Investments No 1 Limited | |
Managed Communications Ltd | |
Moco Communications Limited | |
Moco Telecom Limited | |
Murphx Innovative Solutions Limited | |
NDR (Holdings) Limited | |
Network Disaster Recovery Limited | |
Network Europe Group Limited | |
O-Bit Telecom Limited | |
Phoenix International Holdings Limited | |
Phoenix IT Trustees Limited | |
Scalable Communications plc | |
Servo Computer Services Limited | |
Single Source Computer Services UK Limited | |
Spiritel Limited | |
Spiritel Mobile Limited | |
Surgery Line Limited | |
The Net Crowd Limited | |
Trend Network Services | |
VHA Limited | |
Vialtus Holdings Limited | |
Vialtus Limited | |
Worldwide Connect Limited | |
Grassroots Wholesale Foods Ltd | |
Linton Regeneration Company Limited | |
Stonyhurst | |
U-explore Limited | |
Damoco Bidco Limited | |
Damoco Holdco Limited | |
Damoco Midco Limited | |
Backup Guru Online Ltd | |
Roaming Roosters Ltd | |
Gourmet Meatclub Limited | |
Kurt Bidco Limited |
*Matthew Riley was a director and shareholder of Zecom Limited from 01/09/2005 to 22/12/2007 which was subject to a creditors' voluntary winding up pursuant to S.106 of the Insolvency Act 1986. The liquidators' final statement of account on 14 September 2007 showed unsecured creditors of £65,125.
There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule Two to the AIM Rules.
For further information, please contact:
Time Out Group plc | Tel: +44 (0)207 813 3000 |
Julio Bruno, CEO | |
Richard Boult, CFO |
Liberum Capital Limited (Nominated Advisor and Broker) | Tel: +44 (0) 203 100 2222 |
Steve Pearce / Steven Tredget / Jill Li | |
FTI Consulting LLP | Tel: +44 (0) 203 727 1000 |
Edward Bridges / Stephanie Ellis / Emma Appleton |
Notes to editors
About Time Out Group plc
Time Out 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, style, travel and entertainment. Time Out, listed on AIM and headquartered in the United Kingdom, has a presence in 108 cities and 39 countries with a monthly global digital audience reach of 137 million.