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TIME OUT GROUP PLC Remuneration Information 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 9028J
Time Out Group plc
29 December 2020
29 December 2020
Time Out Group Plc
("Time Out" or the "Company")
Grant of Options
Time Out Group plc (AIM: TMO), the global media and entertainment business, and its Remuneration Committee announce that on 23 December 2020, the following nil cost options have been granted to Persons Discharging Managerial Responsibility of the Company, replacing market value options previously granted:
| Name | Options subject to service only | Options subject to share price targets | Waived market value options |
| Julio Bruno | 3,300,000 | 7,700,000 | 7,800,000 |
| Didier Souillat | 1,350,000 | 3,150,000 | N/A |
The options are issued under the Time Out Group plc Long Term Incentive Plan.
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
| 1. | Julio Bruno |
| 2. | Didier Souillat |
2
Reason for the notification
a)
Position/status
| 1. | CEO, Time Out Group plc |
| 2. | CEO, Time Out Market |
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)
| Name | Price(s) | Volume(s) | |
| 1. | Julio Bruno | £N/A GBP | 11,000,000 |
| 2. | Didier Souillat | £N/A GBP | 4,500,000 |
d)
Aggregated information
- Aggregated volume
- Price
n/a (single transaction for each individual)
£N/A GBP
e)
Date of the transaction
23 December 2020
f)
Place of the transaction
London
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
Waiving of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £N/A GBP | 7,800,000 |
d)
Aggregated information
- Aggregated volume
- Price
n/a (single transaction for each individual)
£N/A GBP
e)
Date of the transaction
23 December 2020
f)
Place of the transaction
London
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