TIME OUT GROUP PLC — Remuneration Information 2017

Apr 21, 2017

National Storage Mechanism | Additional information

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RNS Number : 0218D

Time Out Group plc

21 April 2017

Time Out Group Plc

("Time Out" or the "Company")

21 April 2017

Grant of Options

Time Out Group plc (AIM: TMO), the global media and entertainment business with food and cultural markets, and its Remuneration Committee announce that on 21 April 2017 the following nil cost options and options exercisable at 135p have been granted to Persons Discharging Managerial Responsibilities of the Company. 

Name	Options Granted	Conditions
Julio Bruno	300,000	Exercisable at nil cost in three equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020.
Christine Petersen	200,000	Exercisable at nil cost in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021.
Christine Petersen	850,000	Exercisable at a price of 135p in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021.
Richard Boult	200,000	Exercisable at a price of 135p in four equal tranches, the first exercisable from 21 April 2018, the second from 21 April 2019, the third from 21 April 2020, and the fourth from 21 April 2021.

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

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

Julio Bruno

2

Reason for the notification

a)

Position/status

CEO, 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

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 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)
£N/A GBP	300,000

d)

Aggregated information

-        Aggregated volume

-      Price

Options over 300,000 shares

£N/A GBP

e)

Date of the transaction

21 April 2017

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

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

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 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)
£N/A GBP (850,000 exercisable at 135p, 200,000 exercisable at nil cost)	1,050,000

d)

Aggregated information

-        Aggregated volume

-      Price

Options over 1,050,000 shares

£N/A GBP

e)

Date of the transaction

21 April 2017

f)

Place of the transaction

London

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Boult

2

Reason for the notification

a)

Position/status

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

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 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)
£N/A GBP	200,000

d)

Aggregated information

-        Aggregated volume

-      Price

Options over 200,000 shares

£N/A GBP

e)

Date of the transaction

21 April 2017

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

Steven Tredget, Investor Relations Director

Liberum Capital Limited (Nominated Adviser and Broker)                        Tel: +44 (0)203 100 2222

Steve Pearce / Jill Li

FTI Consulting LLP                                                                                                Tel: +44 (0)203 727 1000

Edward Bridges / Stephanie Ellis / Emma Appleton / Frances Elworthy

Notes to editors

About Time Out Group plc

Time Out is the leading global media and entertainment business with a content distribution network comprising digital, mobile, apps, social media and magazines and a 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 make the most 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, is present in 108 cities and 39 countries and has a global monthly audience reach of 156 million.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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