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Time Out Group plc made a new block admission application to the London Stock Exchange for 2,500,000 ordinary shares of 0.1 pence each. These shares are for the Company's Long Term Incentive Plan, with admission expected to be effective on 1 March 2024. This application is in addition to an existing block admission of 2,500,000 shares, under which 430,587 shares have been allotted.
| Date | 26 Feb 2024 |
| Time | 16:09:17 |
| Category | Capital structure |
| ID | 4988E |
26 February 2024
Time Out Group plc
("Time Out", the "Company" or the "Group")
Block Admissions 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 2,500,000 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 1 March 2024.
This New Block Admission Application is in addition to the Company's existing block admission of 2,500,000 shares announced on 30 June 2023 (the "Existing Block Admission"). The Company has currently allotted 430,587 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 Matt Pritchard, CFO |
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Steven Tredget, Investor Relations Director |
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Liberum (Nominated Adviser and Broker) |
Tel: +44 (0)203 100 2222 |
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Andrew Godber / Edward Thomas / Joshua Borlant |
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FTI Consulting LLP |
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 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 seven 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.