27 January 2022 - rejection of offer

The Board of the company have now formally rejected the mandatory offer of 55p per share in cash made by CFE  on 14 January.  The offer is at a significant discount to the underlying net asset value per share which at 21 January stood at 88.04p per share.  The company has also announced that it has increased its stake in Time Out Group plc with the acquisition of another 3.6m shares for total consideration of £2.1m.  The company now owns over 5.6m shares in Time Out representing a stake of . . .

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