Time Out Group Eyes Raising GBP8 Million via Share Capital

07:37 AM EST, 12/18/2025 (MT Newswires) -- Time Out Group (TMO.L) is targeting to raise a total of 8 million pounds sterling through a firm placing, a conditional placing, and a retail offer at 0.08 pound each. The media and hospitality group will issue 35,726,000 shares as part of the firm placing, and 64,274,000 shares as part of the conditional placing, according to a Thursday filing. A conditional retail offer will also be launched to existing and new retail investors in the UK via the RetailBook platform. Net proceeds from the equity raise will fund the company's near-term seasonal working capital shortages and further technology investments.