Panmure Liberum acted as Nomad, Sole Bookrunner and Sole Broker on Time Out Group’s £8.0m placing
We are pleased to announce that Panmure Liberum acted as Nomad, Sole Bookrunner and Sole Broker on a successful Placing, raising £8.0m for Time Out Group plc in addition to a £4.9m debt-to-equity conversion.
Time Out Group is an AIM-quoted 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.
The Company’s two largest shareholders, Oakley Capital Investments and Lombard Odier, together with certain other shareholders and directors, provided irrevocable commitments to participate in the Placing. Proceeds will be used to support working capital requirements, expansion into new markets and IT capital expenditure.
The fundraising was conducted via an ABB and completed on 7 January 2026. Total gross proceeds also include £0.2 million from a retail offer and £4.9m via a debt-to-equity conversion.
Panmure Liberum Team
Investment Banking– Andrew Godber, Edward Thomas, John More, Phoebe Bunce
Corporate Broking– Rupert Dearden, Sam Elder, Rauf Munir
Research– Anna Barnfather
Trading –Adam Howson
IR– Marcio Remedios
Settlements– Rob Simpson
Legal– Rebecca Gordon, Emily Troubridge
