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An announcement from Time Out ( (GB:TMO) ) is now available.
Time Out Group has completed an accelerated bookbuild to raise approximately £8 million through the placing of 100 million new shares at 8p each, split between a £2.9 million firm placing with Oakley Capital Investments and a £5.1 million conditional placing with institutional investors, alongside a UK retail offer at the same price. The fundraising, together with a £4.9 million debt-for-equity conversion with Oakley Capital Limited, will significantly reshape the share register: the Oakley concert party is expected to move to just over 50% of the enlarged capital (subject to retail take-up), while Lombard Odier will hold about 25.8%, reinforcing the backing of key shareholders. CEO Chris Ohlund and CFO Matt Pritchard are subscribing for shares in the conditional placing, a related-party transaction which the independent director has deemed fair and reasonable, and the new shares will be admitted to trading on AIM in two stages pending shareholder approval at a general meeting in early January 2026, where authorities to issue shares and disapply pre‑emption rights will be sought.
The most recent analyst rating on (GB:TMO) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Time Out stock, see the GB:TMO Stock Forecast page.
Spark’s Take on GB:TMO Stock
According to Spark, TipRanks’ AI Analyst, GB:TMO is a Neutral.
The overall stock score is driven by mixed financial performance and bearish technical indicators. However, the strategic expansion into India provides a positive outlook for future growth. The negative P/E ratio and lack of dividend yield weigh on the valuation.
To see Spark’s full report on GB:TMO stock, click here.
More about Time Out
Time Out Group plc is a global media and hospitality business best known for its city-focused content, events, and branded food and cultural markets. Listed on AIM in London, the company monetises its audience and brand through advertising, digital media, and experiential venues, targeting urban consumers and tourists in major cities worldwide.
Average Trading Volume: 56,423
Technical Sentiment Signal: Sell
Current Market Cap: £41.1M
For detailed information about TMO stock, go to TipRanks’ Stock Analysis page.