24 April 2024
Time Out Group plc
("Time Out", the "Company" or the "Group")
Block Admissions Six Monthly Return
Time Out Group plc (AIM: TMO), the global media and hospitality business, today makes the following notification pursuant to AIM Rule 29 and Schedule 6 of the AIM Rules for Companies regarding its block admissions announced on (a) 25 March 2022, effective 31 March 2022 (the "2022 Block Admission"), (b) announced on 30 June 2023, effective 5 June 2023 (the "2023 Block Admission"), and (c) announced on 26 February 2024, effective 1 March 2024 (the "2024 Block Admission").
The Company has now allotted all of the shares under the 2022 Block Admission of 2,000,000 shares. 1,583,364 shares have now been allotted under the 2023 Block Admission of 2,500,000 shares. No shares have yet been allotted under the 2024 Block Admission of 2,500,000 shares.
| Name of Company | Time Out Group plc |
| Name of Scheme | a) 2022 Block Admission in respect of the Time Out Group plc Long Term Incentive Plan b) 2023 Block Admission in respect of the Time Out Group plc Long Term Incentive Plan c) 2024 Block Admission in respect of the Time Out Group plc Long Term Incentive Plan |
| Period of Return (from / to) | 21 November 2023 to 20 April 2024 |
| Number and class of securities not issued at the start of the period under the scheme | a) 345,135 ordinary shares of 0.1 pence each b) 2,500,000 ordinary shares of 0.1 pence each c) 2,500,000 ordinary shares of 0.1 pence each |
| Number of securities issued under the scheme during the period | a) 345,135 ordinary shares of 0.1 pence each b) 1,583,364 ordinary shares of 0.1 pence each c) nil |
| Balance under the scheme of securities not yet issued at the end of the period | a) nil b) 916,636 ordinary shares of 0.1 pence each c) 2,500,000 ordinary shares of 0.1 pence each |
| Number and class of securities originally admitted and the date of admission | a) 2,000,000 ordinary shares of 0.1 pence each admitted on 31 March 2022 b) 2,500,000 ordinary shares of 0.1 pence each admitted on 5 July 2023 c) 2,500,000 ordinary shares of 0.1 pence each admitted on 1 March 2024 |
| Name of contact and telephone number | Emma Humphrey - General Counsel & Company Secretary +44 (0)207 813 3000 |
| For further information, please contact: |
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| Time Out Group plc | Tel: +44 (0)207 813 3000 |
| Chris Ohlund, CEO | |
| Matt Pritchard, CFO | |
| Steven Tredget, Investor Relations Director | |
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| Liberum (Nominated Adviser and Broker) | Tel: +44 (0)203 100 2222 |
| Andrew Godber / Edward Thomas / Joshua Borlant | |
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| FTI Consulting LLP | Tel: +44 (0)203 727 1000 |
| Edward Bridges / Fiona Walker | |
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 its two divisions - 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.
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