Last checked at 21 Apr 2017 15:30
Time Out Group Plc("Time Out" or the "Company")
21 April 2017
Grant of Options
Time Out Group plc (AIM: TMO), the global media and entertainment business with food and cultural markets, and its Remuneration Committee announce that on 21 April 2017 the following nil cost options and options exercisable at 135p have been granted to Persons Discharging Managerial Responsibilities of the Company.
Name | Options Granted | Conditions |
Julio Bruno | 300,000 | Exercisable at nil cost in three equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020. |
Christine Petersen | 200,000 | Exercisable at nil cost in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021. |
Christine Petersen | 850,000 | Exercisable at a price of 135p in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021. |
Richard Boult | 200,000 | Exercisable at a price of 135p in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021. |
The options are issued under the Time Out Group plc Long Term Incentive Plan.
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
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 300,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 21 April 2017 | ||||
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 1,050,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 21 April 2017 | ||||
f) | Place of the transaction
| London | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name
| Richard Boult | ||||
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 200,000 shares
£N/A GBP
| ||||
e) | Date of the transaction
| 21 April 2017 | ||||
f) | Place of the transaction
| London | ||||
For further information, please contact:
Time Out Group plc Tel: +44 (0)207 813 3000
Julio Bruno, CEO
Richard Boult, 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 Appleton / Frances Elworthy
Notes to editors
About Time Out Group plc
Time Out is the leading global media and entertainment business with a content distribution network comprising digital, mobile, apps, social media and magazines 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, style, travel and entertainment. Time Out, listed on AIM and headquartered in the United Kingdom, is present in 108 cities and 39 countries and has a global monthly audience reach of 156 million.