**Summary**
Time Out Group plc announced a conditional retail offer of new ordinary shares via RetailBook, available exclusively to investors in the United Kingdom. The issue price is set at 8 pence per share, representing a 30.4% discount to the closing mid-price on December 17, 2025. The offer is open to both existing shareholders and new investors, with a minimum subscription of £250 per investor. The retail offer is part of a larger capital raising initiative, including a firm placing and conditional placing for institutional investors.
The proceeds will fund seasonal working capital shortages, restructuring costs, growth in new markets, and technology investments. The offer is conditional on shareholder approval at a general meeting on January 6, 2026, and admission to trading on AIM on January 7, 2026. Investors can participate through RetailBooks partner network of brokers, wealth managers, and investment platforms, using tax-efficient vehicles like ISAs or SIPPs. The offer is expected to close on December 18, 2025, but may close earlier at the companys discretion.
The announcement emphasizes that the offer is not available in jurisdictions like the United States, Australia, Canada, Japan, New Zealand, or South Africa, and does not constitute investment advice. Investors are cautioned about the risks associated with investing in emerging companies and are advised to seek independent advice. The company reserves the right to scale back or reject applications. This announcement is for informational purposes only and does not constitute an offer or invitation to invest.