15 November 2018
Time Out Group Plc ("Time Out" or the "Company")
Notification of Directors' Interests
The Company announces that Christine Petersen, Executive Director, notified the Company on 15 November 2018 that she exercised options over a total of 50,000 Ordinary Shares awarded on 21 April 2017 under the Company's Long Term Incentive Plan. The options were nil cost. Ms. Petersen sold all 50,000 of the Ordinary Shares exercised at an average price of 77 pence per share on the same day.
Following this notification, Ms. Petersen does not hold any shares in the Company and continues to have options over a maximum of 1,650,000 Ordinary Shares.
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 | Christine Petersen |
2 | Reason for the notification | |
a) | Position/status | Executive Director |
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 | Ordinary shares in Time Out Group plc ISIN: GB00BYYV0629 |
b) | Nature of transactionthe | Exercise of nil cost options awarded 21 April 2017 under Time out Group Plc Long Term Incentive Plan |
c) | Price(s) volume(s)and | Price(s) Volume(s)n/a 50,000 |
d) | Aggregated information | n/a (single transaction) |
− Aggregated volume
− Pricee)Date of transaction
Place of transaction
the 15 November 2018
the London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)Name
Christine Petersen
2
Reason for the notification
a)Position/statusExecutive Director
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
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 instrumentOrdinary shares in Time Out Group plcIdentification codeISIN: GB00BYYV0629
b)Nature of transactionthe Sales of shares following exercise of optionsc)Price(s) volume(s)and
Price(s) | Volume(s) |
£0.77 | 50,000 |
e)
n/a (single transaction) | |
Date of | the 15 November 2018 |
transaction | |
Place of | the London Stock Exchange, AIM |
transaction |
Aggregated information
− Aggregated volume
− Price
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 / Cameron Duncan / Trystan Cullen
FTI Consulting LLP
Tel: +44 (0)203 727 1000
Edward Bridges / Stephanie Ellis
Notes to editors
About Time Out Group plc
Time Out Group is a multi-platform media and e-commerce business with a global content distribution network comprising magazines, online, mobile apps, mobile web and 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 experience the best of a city, through curated content around food, drink, music, theatre, art, travel and entertainment across 315 cities and in 58 countries. Time Out, listed on AIM, is headquartered in the United Kingdom.
Attachments
- Original document
- Permalink
Disclaimer
Time Out Group plc published this content on 15 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 November 2018 18:28:08 UTC