TIDMTMO

RNS Number : 9258Y

Time Out Group plc

08 January 2024

8 January 2024

Time Out Group plc

("Time Out" or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company has been informed by its shareholders TO Bermuda Limited and TONY Bermuda Limited, the investment holding companies of Oakley Capital Private Equity L.P. (the "Investment Fund") that the Investment Fund has reached the end of its life and is being liquidated. As a result, its shares (which total 23.82% of the issued share capital of the Company) are being redistributed to Oakley Capital Investments Limited and individuals with a beneficial interest in the Investment Fund (the "Redistribution").

The Director/PDMR notifications below relate to the Redistribution. Following the Redistribution, Mr Dubens has an interest in 12,195,267.90 shares, representing 3.603% of the issued share capital of the Company and Mr Collins has an interest in 34,055 shares, representing 0.01% of the issued share capital of the Company.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                           Peter Dubens 
     -------------------------------------------------------------  ------------------------------------ 
 2    Reason for the notification 
     -------------------------------------------------------------  ------------------------------------ 
 a)   Position/status                                                Non-Executive Chairman 
     -------------------------------------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment                                 Initial Notification 
     -------------------------------------------------------------  ------------------------------------ 
 3    Details of the issuer, UK emission 
       allowance market participant, auction 
       platform or auctioneer 
     -------------------------------------------------------------  ------------------------------------ 
 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,                       Ordinary shares of 0.001p 
       type of instrument                                             each 
       Identification code                                            ISIN: GB00BYYV0629 
     -------------------------------------------------------------  ------------------------------------ 
 b)   Nature of the transaction                                      Purchase of Shares 
     -------------------------------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                                         Price(s)           Volume(s) 
                                                                      GBP0.0536          3,405,463 
     -------------------------------------------------------------  -----------------  ----------------- 
 d)             Aggregated information 
                  *    Aggregated Volume                                          *    3,405,463 
 
 
                  *    Price                                                      *    GBP1,825,328.17 
     -------------------------------------------------------------  ------------------------------------ 
 e)   Date of the transaction                                        28 December 2023 
     -------------------------------------------------------------  ------------------------------------ 
 f)   Place of the transaction                                       Off-market trade 
     -------------------------------------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                            Alexander Collins 
     --------------------------------------------------------------  --------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------  --------------------------------- 
 a)   Position/status                                                 Non-Executive Director 
     --------------------------------------------------------------  --------------------------------- 
 b)   Initial notification/Amendment                                  Initial Notification 
     --------------------------------------------------------------  --------------------------------- 
 3    Details of the issuer, UK emission 
       allowance market participant, auction 
       platform or auctioneer 
     --------------------------------------------------------------  --------------------------------- 
 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,                        Ordinary shares of 0.001p 
       type of instrument                                              each 
       Identification code                                             ISIN: GB00BYYV0629 
     --------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                       Purchase of Shares 
     --------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                          Price(s)          Volume(s) 
                                                                       GBP0.0536         34,055 
     --------------------------------------------------------------  ----------------  --------------- 
 d)             Aggregated information 
                  *    Aggregated Volume                                           *    34,055 
 
 
                  *    Price                                                       *    GBP18,253.48 
     --------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                         28 December 2023 
     --------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                        Off-market trade 
     --------------------------------------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                           Oakley Capital Limited 
     -------------------------------------------------------------  ------------------------------------ 
 2    Reason for the notification 
     -------------------------------------------------------------  ------------------------------------ 
 a)   Position/status                                                Oakley Capital Limited is 
                                                                      controlled by Peter Dubens, 
                                                                      Non-Executive Chairman of 
                                                                      Time Out Group PLC 
     -------------------------------------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment                                 Initial Notification 
     -------------------------------------------------------------  ------------------------------------ 
 3    Details of the issuer, UK emission 
       allowance market participant, auction 
       platform or auctioneer 
     -------------------------------------------------------------  ------------------------------------ 
 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,                       Ordinary shares of 0.001p 
       type of instrument                                             each 
       Identification code                                            ISIN: GB00BYYV0629 
     -------------------------------------------------------------  ------------------------------------ 
 b)   Nature of the transaction                                      Purchase of Shares 
     -------------------------------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                                         Price(s)           Volume(s) 
                                                                      GBP0.0536          4,271,981 
     -------------------------------------------------------------  -----------------  ----------------- 
 d)             Aggregated information 
                  *    Aggregated Volume                                          *    4,271,981 
 
 
                  *    Price                                                      *    GBP2,289,781.82 
     -------------------------------------------------------------  ------------------------------------ 
 e)   Date of the transaction                                        28 December 2023 
     -------------------------------------------------------------  ------------------------------------ 
 f)   Place of the transaction                                       Off-market trade 
     -------------------------------------------------------------  ------------------------------------ 
 
 
 For further information, please contact: 
 
 Time Out Group plc                            Tel: +44 (0)207 813 
                                                3000 
 Chris Ohlund, CEO 
  Matt Pritchard, CFO 
 Steven Tredget, Investor Relations Director 
 
 Liberum (Nominated Adviser and Broker)        Tel: +44 (0)203 100 
                                                2222 
 Andrew Godber / Edward Thomas / 
  Joshua Borlant 
 
 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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END

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January 08, 2024 02:00 ET (07:00 GMT)

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