Time Out Group plc Holding(s) in Company
11 November 2024 - 6:00PM
RNS Regulatory News
RNS Number : 6136L
Time Out Group plc
11 November 2024
11 November 2024
Time Out Group
plc
("Time Out" or the
"Company")
TR-1: Standard form for
notification of major holdings
The following notification is made
in connection with the successful completion of the placing
announced by the Company on 30 October 2024 (the "Placing").
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NOTIFICATION OF MAJOR HOLDINGS
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1a.
Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached ii:
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Time Out
Group PLC
LEI: 213800BWH4OF8S4R8K10
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1b.
Please indicate if the issuer is a non-UK
issuer (please mark with an
"X" if appropriate)
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Non-UK issuer
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2.
Reason for the notification (please
mark the appropriate box or boxes with an "X")
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An acquisition or disposal of voting
rights
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X
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An acquisition or disposal of
financial instruments
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An event changing the breakdown of
voting rights
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Other (please specify)
iii:
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3.
Details of person subject to the notification
obligation iv
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Name
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Oakley Capital Investments
Limited
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City and country of registered office
(if applicable)
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Rosebank Centre, 11 Bermudiana Road,
Pembroke, HM 08, Bermuda.
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4.
Full name of shareholder(s) (if
different from 3.) v
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Name
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City and country of registered office
(if applicable)
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5.
Date on which the threshold was crossed or reached
vi:
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04-11-2024
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6.
Date on which issuer notified
(DD/MM/YYYY):
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07-11-2024
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7.
Total positions of person(s) subject to the notification
obligation
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% of
voting rights attached to shares (total of 8. A)
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% of
voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
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Total of
both in % (8.A + 8.B)
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Total number of voting rights held in
issuer (8.A + 8.B) vii
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Resulting situation on the date on
which threshold was crossed or reached
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38.10%
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0
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38.10%
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136,082,622
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Position of previous notification
(if
applicable)
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37.77%
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0
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37.77%
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
viii
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A:
Voting rights attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting rights ix
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% of
voting rights
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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Ordinary GB00BYYV0629
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136,082,622
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0
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38.10%
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0%
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SUBTOTAL 8. A
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136,082,622
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38.10%
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B 1:
Financial Instruments according to DTR5.3.1R (1)
(a)
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Type
of financial instrument
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Expiration
date x
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Exercise/
Conversion Period xi
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Number of voting rights that may be acquired if the instrument
is
exercised/converted.
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% of
voting rights
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SUBTOTAL 8. B 1
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B 2:
Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
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Type
of financial instrument
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Expiration
date x
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Exercise/
Conversion Period xi
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Physical or cash
Settlement xii
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Number of voting rights
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% of
voting rights
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SUBTOTAL 8.B.2
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9.
Information in relation to the person subject to the notification
obligation (please mark
the
applicable box with an
"X")
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Person subject to the notification
obligation is not controlled by any natural person or legal entity
and does not control any other undertaking(s) holding directly or
indirectly an interest in the (underlying) issuer
xiii
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X
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Full chain of
controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (please add additional rows as necessary)
xiv
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Name
xv
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% of voting rights if it
equals or is higher than the notifiable threshold
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% of voting rights through
financial instruments if it equals or is higher than the notifiable
threshold
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Total of both if it equals or
is higher than the notifiable threshold
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Oakley Capital Investments
Limited
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38.10%
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0
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38.10%
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10.
In case of proxy voting, please identify:
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Name of the proxy holder
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The number and % of voting rights
held
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N/A
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The date until which the voting
rights will be held
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N/A
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11.
Additional information xvi
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polaris.brighterir.com/public/time_out/news/rns/story/xpvplmx
"Time Out Group plc (AIM: TMO)
(the "Company"), the
global media and hospitality business, is pleased to announce that,
following the announcement made earlier today
(the "Launch
Announcement") regarding the launch of a Placing (the
"Placing"), it has
successfully placed 16,796,806 new Ordinary Shares
of £0.001 each in the capital of the Company (the
"Placing Shares") at a
price of 50 pence per Existing Ordinary Share (the
"Issue Price") raising
gross proceeds of approximately £8.4
million.
Oakley Capital Investments Limited ("OCI") has agreed to subscribe
for 7,540,000 Placing Shares (the "Oakley Related Party
Transaction")"
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Place of completion
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London
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Date
of completion
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07-11-2024
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For
further information, please contact:
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Time
Out Group plc
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Tel: +44 (0)207 813 3000
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Chris Ohlund,
CEO
Matt Pritchard, CFO
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Steven Tredget, Investor Relations
Director
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Panmure Liberum (Nominated Adviser and
Broker)
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Tel: +44 (0)203 100 2222
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Andrew Godber / Edward Thomas
/
Joshua Borlant / Ailsa
Macmaster
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FTI
Consulting LLP
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Tel: +44 (0)203 727 1000
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Edward Bridges / Fiona
Walker
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Notes to editors
About Time Out Group plc
Time Out Group is a global media and
hospitality business that inspires and enables people to experience
the best of the city through its two divisions - Time Out Media and
Time Out Market. Time Out launched in London in 1968 to help people
discover the exciting new urban cultures that had started up all
over the city - today it is the only global brand dedicated to city
life. Expert journalists curate and create content about the best
things to Do, See and Eat across 333 cities in 59 countries and
across a unique multi-platform model spanning both digital and
physical channels. 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 portfolio includes nine open Markets in cities such as
Lisbon, New York and Dubai, several new locations with expected
opening dates in 2024 and beyond, in addition to a pipeline of
further locations in advanced discussions. Time Out Group PLC,
listed on AIM, is headquartered in the United Kingdom.
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END
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