Grant of Options
Updated : 07:11
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
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a) | Name
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2 | Reason for the notification
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a) | Position/status
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b) | Initial notification/ Amendment
| Initial Notification | ||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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
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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)
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d) | Aggregated information
- Aggregated volume
- Price
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n/a (single transaction for each individual)
£N/A GBP
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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
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a) | Name
| Julio Bruno
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2 | Reason for the notification
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a) | Position/status
| CEO, Time Out Group plc
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b) | Initial notification/ Amendment
| Initial Notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name
| Time Out Group plc |
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b) | LEI
| 213800BWH4OF8S4R8K10 |
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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 |
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b) | Nature of the transaction
| Waiving of options |
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c) | Price(s) and volume(s)
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|
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d) | Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction for each individual)
£N/A GBP
|
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e) | Date of the transaction
| 23 December 2020 |
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f) | Place of the transaction
| London |
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