Time Out (GB:TMO) has released an update.
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Time Out Group plc has announced an equity placing to raise £8 million, issuing new shares at a premium price to support its growth strategy. The proceeds will fund the opening of two new markets in London and New York and accelerate technology investments aimed at enhancing audience reach. With a clear plan for expansion, the company anticipates significant EBITDA gains from these investments by 2028.
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