Panmure Liberum acted as Nominated Adviser, Sole Bookrunner and Sole Broker on Time Out Group’s £8.4 million placing

Time Out Group is an AIM listed 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. Net proceeds of the Placing will be utilised to fund capital investment in connection with opening two new potential markets in London and New York, and to accelerate Media technology investments. The Company believes that these investments have the potential to deliver, in aggregate, over £2 million EBITDA in FY26, with potential for further benefit in FY27 of over £3 million and FY28 of over £4 million. The Placing of new shares was via an ABB, with admission and settlement expected 4 November.