19 November 2021
Time Out Group plc
("Time Out" or the "Company")
Exercise of options and total voting rights
Time Out Group plc (AIM: TMO), the global media and hospitality business, announces that on 19 November 2021 it has made an application for 3,613,333 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 22nd November 2021. The new Ordinary Shares, which will satisfy the exercise of nil cost options awarded under the Company's Long Term Incentive Plan, will rank pari pasu with the existing Ordinary Shares in issue.
Total Voting Rights
In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued and fully paid share capital will comprise 335,573,750 Ordinary Shares. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. Accordingly, the figure of 335,573,750 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
-ENDS-
For further information, please contact:
Time Out Group plc Tel: +44 (0)207 813 3000
Chris Ohlund, 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
Notes to editors
About Time Out Group
Time Out Group is a global media and hospitality business that inspires connection and joy by capturing the soul of the world's greatest cities 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, across the Group's digital and physical platforms, Time Out's professional journalists curate the best things to do, see and eat in 331 cities in 59 countries.
Time Out Market is the world's first editorially curated food and cultural market, bringing a city's best chefs, restaurateurs and unique cultural experiences together under one roof. The first Time Out Market opened in Lisbon in 2014, followed in 2019 by Miami, New York, Boston, Chicago and Montreal, and Dubai in 2021. A further pipeline of openings includes Porto, Abu Dhabi, Prague, London and more. Time Out Group, listed on AIM, is headquartered in the United Kingdom.
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