15 Oct 2020 13:17
15 October 2020
Time Out Group plc
("Time Out", the "Company" or the "Group")
Block Admission Application
Time Out Group plc (AIM: TMO), the global media and entertainment business, provides notification that a new block admission application (the "New Block Admission Application") has been made to the London Stock Exchange for the admission to trading on AIM of up to 700,000 ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares").
The New Ordinary Shares will be issued from time to time in order to satisfy the requirement to allot shares under the Company's Long Term Incentive Plan. It is expected that admission will become effective on 21 October 2020.
This New Block Admission Application is in addition to the Company's existing block admission of 500,000 shares announced on 7 November 2018 (the "Existing Block Admission"). The Company has currently allotted 412,581 shares under the Existing Block Admission.
When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of 0.1 pence each in the capital of the Company.
For further information, please contact: | |
Time Out Group plc | Tel: +44 (0)207 813 3000 |
Julio Bruno, CEO | |
Steven Tredget, Investor Relations Director | |
Liberum (Nominated Adviser and Broker) | Tel: +44 (0)203 100 2222 |
Clayton Bush / Andrew Godber / Edward Thomas | |
FTI Consulting LLP | Tel: +44 (0)203 727 1000 |
Edward Bridges / Stephanie Ellis / Fiona Walker |
Notes to editors
About Time Out Group plc
Time Out Group is a global media and leisure business that helps people explore and experience the best of the city through its two divisions - Time Out Media and Time Out Market. Time Out launched in London in 1968 with a magazine to help people discover the exciting new urban cultures that had started up all over the city. Today, the Group's digital and physical presence comprises websites, mobile, magazines, live events and Time Out Market. Across these platforms Time Out distributes its curated content - written by professional journalists - around the best food, drink, culture, entertainment and travel across 327 cities in 58 countries. Time Out Market is a food and cultural market which brings the best of the city under one roof: its best chefs, drinks and cultural experiences - based on editorial curation. The first Time Out Market opened in Lisbon in 2014 and Miami, New York, Boston, Montreal and Chicago followed in 2019 with a further pipeline in other global locations. Time Out Group, listed on AIM, is headquartered in the United Kingdom.
Time Out (TMO)