Time Out Group has launched a £15m equity rise involving 42.9 million shares at 35p each. The Swiss private bank Lombard Odier has committed to subscribe a big part of it – ten million shares (up to 32.8million under specific conditions). 

The Group has also launched a PrimaryBid offer for another four million shares at the same price. 

This investment will allow Time Out to invest into growing digital advertising, reopening the existing markets and developing new locations. 

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https://www.investegate.co.uk/time-out-group-plc–tmo-/rns/proposed-equity-raise/202103300731409319T/