Business
Result of Retail Offer
Time Out Group plc has successfully completed its Retail Offer, conditionally raising approximately £176,566 through the issuance of 2,207,069 new Ordinary Shares at 8.0 pence per share. This brings the total gross proceeds from the Capital Raising to approximately £8,176,566, requiring the issuance of 102,207,069 new Ordinary Shares. The Retail Offer is contingent on shareholder approval and Admission, expected on January 7, 2026. Following Admission, the Concert Party Group will hold 50.15 per cent. of the enlarged issued share capital. Disclaimer*
About this update from Time Out Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (\"UK MAR\").\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n18 December 2025\n \nTime Out Group plc\n(\"Time Out\" or the \"Company\")\nResult of Retail Offer\n \nTime Out (AIM: TMO), the global media and hospitality business, announced on earlier today the launch of a Capital Raising comprising a Firm Placing and a Conditional Placing in conjunction with a Retail Offer.\nThe Company is pleased to announce that the Retail Offer successfully completed and closed at 1.30 p.m. on 18 December 2025 and that it has conditionally raised approximately £176,566 in the Retail Offer through the issue of 2,207,069 new Ordinary Shares at the Issue Price of 8.0 pence per share.\nFollowing the close of the Retail Offer, the Company has conditionally raised gross proceeds of approximately £8,176,566 at the Issue Price via the Capital Raising. The Company will therefore be required to issue and allot a total of 102,207,069 new Ordinary Shares to satisfy the Capital Raising.\nThe Retail Offer is conditional on approval by the Company's Shareholders at a general meeting and Admission becoming effective at 8:00 am on 7 January 2026 (or such later date as the Company and its advisors may agree, but not later than 21 January 2026).\nCapitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides oth...