Change in notifiable holding by a Director

RNS Number : 5197X

Town Centre Securities PLC

10 August 2018

 

10 August 2018

Town Centre Securities PLC
('TCS')

Change in notifiable holding by a Director of TCS PLC

The Company has been notified by Michael Ziff, Non-Executive Director, that he and his wife are no longer Trustees for 1,281,859 TCS shares. These shares have previously been declared as part of Michael Ziff's non-beneficial shareholding. Trustee responsibility has been passed to Michael's three sons. As a result, these shares will no longer be recognised as part of Michael Ziff's non-beneficial shareholding. They remain however part of the declared Ziff Concert Party holding.

This change in trusteeship has not given rise to the disposal of any shares.

Following this change Michael Ziff's shareholding in TCS now totals 2,609,513 beneficial shares and 9,324,033 non-beneficial shares. These holdings equate to 4.9% and 17.5% respectively of the total issued share capital.

The Ziff Concert Party, the composition of which has previously been agreed with the Takeover Panel, comprises two Directors, Edward Ziff and Michael Ziff and their immediate families including their sister, their mother, their children and a number of trusts of which they are both trustees.

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

Mark Dilley, Group Finance Director      

MHP Communications                                                                                           0203 128 8742

Reg Hoare / Alistair de Kare- Silver                                                                                                                                                                                                                                                                         [e-mail]

Notes to Editors:

Town Centre Securities PLC (TCS) is a Leeds based property investor and car park operator with assets of approximately £385m. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS creates mixed use developments close to transport hubs in major cities across the UK. Its current portfolio delivers an annual income of more than £26m.

 For more information visit www.tcs-plc.co.uk

 

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