31st May 2016 08:45
LONDON (Alliance News) - Media company Time Out Group PLC on Tuesday confirmed plans to float on London's AIM market by mid-June.
The company, which owns the Time Out listings magazine and travel guides, did not provide any further details on the planned float in terms of how much it will raise or its market capitalisation upon admission.
Oakley Capital Investments Ltd, a London-listed private equity investor, said at the end of April its investment adviser had initiated a review of its investment in Time Out Group.
A Sky News report at the time said Time Out would aim to float with a valuation of around GBP200.0 million.
Oakley shares were flat at 144.95 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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