Source - RNS
RNS Number : 9387K
Time Out Group plc
16 April 2018
 

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)

 

 

Price(s)

Volume(s)

 

£N/A GBP

 

(300,000 exercisable at 129.5p, 300,000 exercisable at nil cost)

 

 

600,000

 

 

 

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)

 

 

Price(s)

Volume(s)

 

£N/A GBP

 

(300,000 exercisable at 129.5p, 200,000 exercisable at nil cost)

 

 

500,000

 

 

 

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)

 

 

Price(s)

Volume(s)

 

£N/A GBP

 

(300,000 exercisable at 129.5p, 50,000 exercisable at nil cost)

 

 

350,000

 

 

 

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.

 


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