Time Out Group plc Board Change (6860U)

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RNS Number : 6860U

Time Out Group plc

31 July 2020

31 July 2020

Time Out Group plc

("Time Out" or the "Company")

Board Change

Time Out Group (AIM: TMO), the global media and leisure business, today announces that Adam Silver has decided to step down from the Board, with effect from July 31(st) 2020 and leave the Company for personal reasons. As a result, the Board has begun a formal process to identify and appoint a successor to Adam.

Julio Bruno, CEO of Time Out Group plc, stated:

"On behalf of the Board of Directors I would like to thank Adam for his valuable contribution during his tenure as the CFO of Time Out Group plc., at a time of significant transformation. Adam joined February 2018 and throughout his time the Company continued its growth and diversification, successfully opening five new Time Out Markets in North America while delivering significant operational efficiencies throughout the business. Adam leaves the Board and the Company with our very best wishes "

This announcement is released by Time Out Group plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 
 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 
 

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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July 31, 2020 03:00 ET (07:00 GMT)