Time Out Group plc Block Admission Application (2382C)
15 October 2020 - 11:17PM
UK Regulatory
TIDMTMO
RNS Number : 2382C
Time Out Group plc
15 October 2020
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.
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END
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