28 May 2021
Town Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding by Directors of TCS PLC
The Company was notified on 28 March 2021 that a trust in which both Edward Ziff, Chairman and Chief Executive, and Michael Ziff, Non-Executive Director, have non-beneficial interests in has transferred a total of 241,676 TCS shares to the ultimate beneficiaries, who are all members of the Ziff Concert Party. These shares have previously been declared as part of Edward Ziff's and Michael Ziff's non-beneficial shareholdings. The shares transferred represent 0.5% of the Company's issued share capital. The transfers took place on 20 May 2021.
Following these transfers Edward Ziff's shareholding in TCS now totals 5,483,898 beneficial shares and 15,564,893 non-beneficial shares. These holdings equate to 10.3% and 29.3% respectively of the total issued share capital.
Following these transfers Michael Ziff's shareholding in TCS now totals 2,596,356 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 4.9% and 14.0% respectively of the total issued share capital.
The Ziff Concert Party, the composition of which has previously been agreed with the Takeover Panel, comprises three Directors, Edward Ziff, Michael Ziff and Benjamin Ziff, and Edward's and Michael's immediate families including their sister, their mother, their children and a number of trusts of which they are both trustees. The Ziff Concert Party's shareholding in TCS remains the same at 51.3% of the total issued share capital.
| 1 | Details of the PDMR/person closely associated | |||
|
| Name: | Edward Ziff | ||
| 2 | Reason for the notification | |||
| 2a) | Job title/role of PDMR: | Chairman and Chief Executive | ||
| 2b) | Status of this notification: | Initial notification | ||
| 3 | Details of the issuer | |||
| a) | Name: | Town Centre Securities Plc | ||
| b) | LEI: | 213800XRCH9RW2RIZD79 | ||
| 4 | Details of the transaction(s) | |||
| 4a) | Type of instrument: | Ordinary shares of 25 pence each ISIN: GB0003062816 | ||
| 4b) | Nature of the transaction: | Transfer (reduction in holding) | ||
|
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
|
n/a - transfer |
241,676 | |||
|
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
|
n/a - transfer |
241,676 | |||
| 4e) | Date of execution of transaction: | 20 May 2021 | ||
| 4f) | Place of transaction: | Outside of trading venue | ||
| 1 | Details of the PDMR/person closely associated | |||
|
| Name: | Michael Ziff | ||
| 2 | Reason for the notification | |||
| 2a) | Job title/role of PDMR: | Non-executive Director | ||
| 2b) | Status of this notification: | Initial notification | ||
| 3 | Details of the issuer | |||
| a) | Name: | Town Centre Securities Plc | ||
| b) | LEI: | 213800XRCH9RW2RIZD79 | ||
| 4 | Details of the transaction(s) | |||
| 4a) | Type of instrument: | Ordinary shares of 25 pence each ISIN: GB0003062816 | ||
| 4b) | Nature of the transaction: | Transfer (reduction in holding) | ||
|
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
|
n/a - transfer |
241,676 | |||
|
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
|
n/a - transfer |
241,676 | |||
| 4e) | Date of execution of transaction: | 20 May 2021 | ||
| 4f) | Place of transaction: | Outside of trading venue | ||
ENDS
For further information, please contact:
Town Centre Securities PLC www.tcs-plc.co.uk / @TCS PLC
Edward Ziff, Chairman and Chief Executive 0113 222 1234
MHP Communications 0203 128 8742
Reg Hoare / Alistair de Kare- Silver tcs@mhpc.com
Notes to Editors:
Town Centre Securities PLC (TCS) is a Leeds, Manchester, Glasgow and London based property investment and car parking operator with assets of over £360m. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS create mixed use developments close to transport hubs in major cities across the UK.
For more information visit www.tcs-plc.co.uk
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