Last checked at 5 Apr 2019 15:00
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 2nd April 2019, the following nil cost options and options exercisable at £0.90 have been granted to Persons Discharging Managerial Responsibility of the Company.
Name | Options Granted | Conditions |
Julio Bruno | 1,000,000 | Exercisable at £0.90 in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022 |
Julio Bruno | 600,000 | Exercisable at nil cost in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022 |
Adam Silver | 700,000 | Exercisable at £0.90 in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd April 2022 |
Adam Silver | 300,000 | Exercisable at nil cost in three equal tranches, the first exercisable from 2nd April 2020, the second from 2nd April 2021, and the third from 2nd 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/ 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 1,600,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 2 April 2019 | ||||
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 1,000,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 2 April 2019 | ||||
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 (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.