Change in notifiable holding by Directors

RNS Number : 6631F

Town Centre Securities PLC

23 March 2022

 

23 March 2022

Town Centre Securities PLC
('TCS' or 'The Company')
 

Change in notifiable holding by Directors of TCS PLC

The Company  was notified on 18 March 2022 by Michael Ziff, Non-Executive Director that as part of his personal estate planning he has transferred a total of 37,149 TCS shares to his three sons, representing 0.07% of the Company's issued share capital and that he sold and immediately repurchased 12,383 TCS Shares. The transfers and transactions took place on 18 March 2022.

Following these transfers Michael Ziff's shareholding in TCS now totals 2,559,207 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 4.9% and 14.2% 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 52.1% of the total issued share capital.

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)
			161.5 pence	37,149
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			161.5 pence	37,149
4e)	Date of execution of transaction:		18  March 2022
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:		Sale
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			161.0 pence	12,383
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			161.0 pence	12,383
4e)	Date of execution of transaction:		18 March 2022
4f)	Place of transaction:		London Stock Exchange (LSE)

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:		Purchase
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			161.2 pence	12,383
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			161.2 pence	12,383
4e)	Date of execution of transaction:		18 March 2022
4f)	Place of transaction:		London Stock Exchange (LSE)

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

Stewart MacNeill, Group Finance Director 

MHP Communications      0203 128 8742

Reg Hoare / Matthew Taylor / Pauline Guenot      [e-mail]

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 

 

END

 

 

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