Business
PrimaryBid Offer
PrimaryBid Offer.
About this update from Time Out Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9321T\n Time Out Group plc\n 30 March 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAW OF ENGLAND AND WALES AS RETAINED EU LAW AS DEFINED IN, AND BY VIRTUE OF, THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.\n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF \n \n \n TIME OUT GROUP PLC.\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).\n \n \n \n \n \n 30 March 2021\n \n \n Time Out Group plc \n \n \n (\"\n \n Time Out\n \n \"\n or the \"\n \n Company\n \n \"\n ) (\n \n LON\n \n : \n \n TMO\n \n )\n \n \n PrimaryBid Offer\n \n \n \n \n \n Time Out\n \n (\n \n LON\n \n : \n \n TMO\n \n )\n , the \n AIM\n \n quoted \n \n global media and leisure business\n , \n is pleased to announce, a conditional offer for subscription via PrimaryBid (the \"PrimaryBidOffer\") of a maximum of 4,000,000 new ordinary shares of \n £0.001\n each in the Company (the \"\n PrimaryBid\n \n Offer\n \n Shares\n \") at an issue price of \n 35\n pence per PrimaryBid Offer Share (the \"Issue Price\"), being a discount of 16.7 per cent. to the closing middle market price of 42 pence per existing ordinary shares on 29 March 2021. The PrimaryBid Offer is only available to investors in the United Kingdom. The Company is also conducting a placing of new ordinary shares (the \"\n Firm Placing Shares\n \") \n at the Issue Price by way of an accelerated bookbuild process \n (the \"FirmPlacing\")...