Source - RNS
RNS Number : 0218D
Time Out Group plc
21 April 2017
 

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)

 

 

Price(s)

Volume(s)

 

£N/A GBP

 

 

300,000

 

 

 

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)

 

 

Price(s)

Volume(s)

 

£N/A GBP

(850,000 exercisable at 135p, 200,000 exercisable at nil cost)

 

 

1,050,000

 

 

 

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)

 

 

Price(s)

Volume(s)

 

£N/A GBP

 

 

200,000

 

 

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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