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16 Apr 2018 07:25
16 April 2018
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 13 April 2018, the following nil cost options and options exercisable at £1.295 have been granted to Persons Discharging Managerial Responsibility of the Company.
Name | Options Granted | Conditions |
Julio Bruno | 300,000 | Exercisable at £1.295 in three equal tranches, the first exercisable from 13th April 2019, the second from 13th April 2020, and the third from 13th April 2021 |
Julio Bruno | 300,000 | Exercisable at nil cost in three equal tranches, the first exercisable from 13th April 2019, the second from 13th April 2020, and the third from 13th April 2021 |
Christine Petersen | 300,000 | Exercisable at £1.295 in three equal tranches, the first exercisable from 13th April 2019, the second from 13th April 2020, and the third from 13th April 2021 |
Christine Petersen | 200,000 | Exercisable at nil cost in three equal tranches, the first exercisable from 13th April 2019, the second from 13th April 2020, and the third from 13th April 2021 |
Adam Silver | 300,000 | Exercisable at £1.295 in three equal tranches, the first exercisable from 13th April 2019, the second from 13th April 2020, and the third from 13th April 2021 |
Adam Silver | 50,000 | Exercisable at nil cost in three equal tranches, the first exercisable from 13th April 2019, the second from 13th April 2020, and the third from 13th April 2021 |
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)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
Options over 600,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 13 April 2018 | ||||
f) | Place of the transaction
| London | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Christine Petersen | ||||
2 | Reason for the notification
| |||||
a) | Position/status
| Director, 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)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
Options over 500,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 13 April 2018 | ||||
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)
|
| ||||
d) | Aggregated information
- Aggregated volume
- Price
|
Options over 350,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 13 April 2018 | ||||
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 Capital Limited (Nominated Adviser and Broker) | Tel: +44 (0)203 100 2222 |
Steve Pearce / Jill Li | |
FTI Consulting LLP | Tel: +44 (0)203 727 1000 |
Edward Bridges / Stephanie Ellis / Emma Hall |
Notes to editors
About Time Out Group plc
Time Out Group is the leading global media and entertainment business with a content distribution network comprising digital, mobile, apps, social media and print and a 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 make the most of a city, through curated content around food, drink, music, theatre, art, travel and entertainment. Time Out, listed on AIM and headquartered in the United Kingdom, is present in 108 cities in 39 countries and has an average global monthly audience reach of 217 million.
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