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On 25 March 2022, Time Out Group plc announced a new block admission application to the London Stock Exchange for 2,000,000 ordinary shares of 0.1 pence each, intended for its Long Term Incentive Plan, with admission expected to be effective on 31 March 2022. This is in addition to an existing block admission of 700,000 shares, under which the Company has currently allotted 107,581 shares.
| Date | 25 Mar 2022 |
| Time | 16:59:42 |
| Category | Capital structure |
| ID | 1315G |
25 March 2022
Time Out Group plc
("Time Out", the "Company" or the "Group")
Block Admission Application
Time Out Group plc (AIM: TMO), the global media and hospitality 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 2,000,000 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 31 March 2022.
This New Block Admission Application is in addition to the Company's existing block admission of 700,000 shares announced on 15 October 2020 (the "Existing Block Admission"). The Company has currently allotted 107,581 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.
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For further information, please contact: |
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Time Out Group plc |
Tel: +44 (0)207 813 3000 |
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Chris Ohlund, CEO Steven Tredget, Investor Relations Director |
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Liberum (Nominated Adviser and Broker) |
Tel: +44 (0)203 100 2222 |
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Clayton Bush / Andrew Godber / Edward Thomas |
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FTI Consulting LLP |
Tel: +44 (0)203 727 1000 |
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Edward Bridges / Stephanie Ellis / 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 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.