Time Out Group plc PDMR Shareholding
November 01 2024 - 11:46AM
RNS Regulatory News
RNS Number : 6934K
Time Out Group plc
01 November 2024
1 November 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 following Director/PDMR
notifications are made in connection with the successful completion
of the placing announced by the Company on 30 October 2024 (the
"Placing") and the participation in that Placing by a number of
Directors of the Company (the "Participations").
Following the Participations, Peter
Dubens, Non-Executive Chairman, holds 2.52% of the issued share
capital of the Company, David Till, Non-Executive Director, holds
0.29%, Alexander Collins, Non- Executive Director, holds 0.07%,
Chris Ohlund, Chief Executive Officer, holds 0.06% and Matt
Pritchard, Chief Financial Officer, holds 0.02%.
|
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, type of instrument
Identification code
|
Ordinary shares of 0.001p
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
£0.50
|
Volume(s)
666,666
|
|
d)
|
Aggregated information
●
Aggregated Volume
●
Price
|
●
666.666
●
£333,333
|
|
e)
|
Date of the transaction
|
30 October 2024
|
|
f)
|
Place of the transaction
|
Off-market trade
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
David Till
|
|
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, type of instrument
Identification code
|
Ordinary shares of 0.001p
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
£0.50
|
Volume(s)
666,666
|
|
d)
|
Aggregated information
●
Aggregated Volume
●
Price
|
●
666.666
●
£333,333
|
|
e)
|
Date of the transaction
|
30 October 2024
|
|
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, type of instrument
Identification code
|
Ordinary shares of 0.001p
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
£0.50
|
Volume(s)
200,000
|
|
d)
|
Aggregated information
●
Aggregated Volume
●
Price
|
●
200,000
●
£100,000
|
|
e)
|
Date of the transaction
|
30 October 2024
|
|
f)
|
Place of the transaction
|
Off-market trade
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Chris Ohlund
|
|
2
|
Reason for the notification
|
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
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, type of instrument
Identification code
|
Ordinary shares of 0.001p
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
£0.50
|
Volume(s)
200,000
|
|
d)
|
Aggregated information
●
Aggregated Volume
●
Price
|
●
200,000
●
£100,000
|
|
e)
|
Date of the transaction
|
30 October 2024
|
|
f)
|
Place of the transaction
|
Off-market trade
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Matthew Pritchard
|
|
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, type of instrument
Identification code
|
Ordinary shares of 0.001p
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
£0.50
|
Volume(s)
60,000
|
|
d)
|
Aggregated information
●
Aggregated Volume
●
Price
|
●
60,000
●
£30,000
|
|
e)
|
Date of the transaction
|
30 October 2024
|
|
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, type of instrument
Identification code
|
Ordinary shares of 0.001p
each
ISIN: GB00BYYV0629
|
|
b)
|
Nature of the transaction
|
Purchase of Shares
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
£0.50
|
Volume(s)
666,668
|
|
d)
|
Aggregated information
●
Aggregated Volume
●
Price
|
●
666,668
●
£333,334
|
|
e)
|
Date of the transaction
|
30 October 2024
|
|
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
|
|
|
|
|
|
Panmure Liberum (Nominated Adviser and
Broker)
|
Tel: +44 (0)203 100 2222
|
|
Andrew Godber / Edward Thomas
/
Joshua Borlant / Ailsa
Macmaster
|
|
|
|
|
|
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 nine 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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