TIME OUT GROUP PLC — Remuneration Information 2016

Oct 25, 2016

National Storage Mechanism | Additional information

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RNS Number : 3363N

Time Out Group plc

25 October 2016

Time Out Group Plc

("Time Out" or the "Company")

25 October 2016

Grant of Options

Time Out Group plc (AIM: TMO), the global multi-platform media and e-commerce business with food & cultural markets, and its Remuneration Committee announce that on 21 October 2016, the following options have been granted to Persons Dispensing Managerial Responsibility of the Company, exercisable at 141p.

The options are issued under the Time Out Group plc Long Term Incentive Plan.

Name	Options Granted	Conditions
Noel Penzer	350,000	Exercisable in four equal tranches, the first exercisable from 23 August 2017, the second from 23 August 2018, the third from 23 August 2019, and the fourth from 23 August 2020.
Sarah Bartlett	266,667	Exercisable in three tranches each of 66,667, the first exercisable from 23 August 2017, the second from 23 August 2018, the third from 23 August 2019, and a final tranche of 66,666 exercisable from 23 August 2020.
Christine Petersen	150,000	Exercisable in four equal tranches, the first exercisable from 23 August 2017, the second from 23 August 2018, the third from 23 August 2019, and the fourth from 23 August 2020.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

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

Noel Penzer

2

Reason for the notification

a)

Position/status

CEO, Time Out Digital

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Time Out Group plc

b)

LEI

N/A

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 instrument, type of instrument

Identification code

Options over Ordinary shares of £0.001 in Time Out Group plc

ISIN: GB00BYYV0629

b)

Nature of the transaction

Grant of options under Time Out Group plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£Nil GBP	350,000

d)

Aggregated information

-        Aggregated volume

-      Price

Options over 350,000 shares

£Nil GBP

e)

Date of the transaction

21 October 2016

f)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sarah Bartlett

2

Reason for the notification

a)

Position/status

Chief Marketing Officer, Time Out Group plc

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Time Out Group plc

b)

LEI

N/A

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 instrument, type of instrument

Identification code

Options over Ordinary shares of £0.001 in Time Out Group plc

ISIN: GB00BYYV0629

b)

Nature of the transaction

Grant of options under Time Out Group plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£Nil GBP	266,667

d)

Aggregated information

-        Aggregated volume

-      Price

Options over 266,667 shares

£Nil GBP

e)

Date of the transaction

21 October 2016

f)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Christine Petersen

2

Reason for the notification

a)

Position/status

Non-executive Director, Time Out Group plc

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Time Out Group plc

b)

LEI

N/A

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 instrument, type of instrument

Identification code

Options over Ordinary shares of £0.001 in Time Out Group plc

ISIN: GB00BYYV0629

b)

Nature of the transaction

Grant of options under Time Out Group plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£Nil GBP	150,000

d)

Aggregated information

-        Aggregated volume

-      Price

Options over 150,000 shares

£Nil GBP

e)

Date of the transaction

21 October 2016

f)

Place of the transaction

London

For further information, please contact:
Time Out Group plc	Tel: +44 (0)207 813 3000
Julio Bruno, CEO
Richard Boult, CFO
Liberum Capital Limited (Nominated Adviser and Broker)	Tel: +44 (0)203 100 2222
Steve Pearce / Steven Tredget / Jill Li
FTI Consulting LLP	Tel: +44 (0)203 727 1000
Edward Bridges / Stephanie Ellis / Emma Appleton

Notes to editors

About Time Out Group plc

Time Out 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, style, travel and entertainment.  Time Out, listed on AIM and headquartered in the United Kingdom, has a presence in 108 cities and 39 countries with a monthly global digital audience reach of 137 million.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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