Time Out Group plc Issue of deferred consideration shares (1243U)
October 19 2017 - 9:55AM
UK Regulatory
TIDMTMO
RNS Number : 1243U
Time Out Group plc
19 October 2017
19 October 2017
Time Out Group plc
("Time Out", the "Company" or the "Group")
Issue of deferred consideration shares
Time Out Group plc (AIM: TMO), the global media and
entertainment business, announces that pursuant to the acquisition
of Leanworks Limited announced on 21 October 2016, 539,315 new
ordinary shares will be issued to the vendor on 20 October 2017 as
deferred consideration and application has been made for these
shares to be admitted to trading on AIM. Admission is expected to
occur on 20 October 2017. The number of ordinary shares to be
issued as deferred consideration was calculated with reference to,
inter alia, the prevailing average share price of the 30 days up to
and including 13 October 2017.
Following Admission, the Company's issued share capital will
comprise 133,362,889 ordinary shares of 0.1 pence each and may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules. The Company does not hold any shares in
treasury.
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 Tel: +44 (0)203
Adviser and Broker) 100 2222
Steve Pearce / Jill Li
FTI Consulting LLP Tel: +44 (0)203
727 1000
Edward Bridges / Stephanie Ellis
/ Emma Appleton / Frances Bussey
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 242 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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