Time Out Group plc Notification of Directors' Interests (5479H)

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RNS Number : 5479H

Time Out Group plc

15 November 2018

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/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
 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              Ordinary shares in Time Out Group plc 
       instrument, 
       type of instrument 
 
 
       Identification                ISIN: GB00BYYV0629 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of                    Exercise of nil cost options awarded 
       the transaction              21 April 2017 under Time out Group Plc 
                                    Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s) 
                                       n/a         50,000 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated                   n/a (single transaction) 
       information 
 
        *    Aggregated volume 
 
 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the                  15 November 2018 
       transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     London Stock Exchange, AIM 
       the transaction 
     ---------------------------  ------------------------------------------ 
 
 
 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/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
 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              Ordinary shares in Time Out Group plc 
       instrument, 
       type of instrument 
 
 
       Identification                ISIN: GB00BYYV0629 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of                    Sales of shares following exercise of 
       the transaction              options 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s) 
                                       GBP0.77     50,000 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated                   n/a (single transaction) 
       information 
 
        *    Aggregated volume 
 
 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the                  15 November 2018 
       transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     London Stock Exchange, AIM 
       the transaction 
     ---------------------------  ------------------------------------------ 
 

For further information, please contact:

Time Out Group plc Tel: [phone]

Julio Bruno, CEO

Adam Silver, CFO

Steven Tredget, Investor Relations Director

Liberum Capital Limited (Nominated Adviser and Broker) Tel: [phone]

Steve Pearce / Cameron Duncan / Trystan Cullen

FTI Consulting LLP Tel: [phone]

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 15, 2018 13:10 ET (18:10 GMT)