Director/PDMR Shareholding

RNS Number : 1533U

Town Centre Securities PLC

27 March 2019

 

27 March 2019

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

Change in notifiable holding by Directors of TCS PLC

The Company has been notified by Edward Ziff, Chairman and Chief Executive and Michael Ziff, Non-Executive Director, that they are no longer Trustees for 50,000 TCS shares. These shares have previously been declared as part of Edward Ziff's and Michael Ziff's non-beneficial shareholding. The shares have been sold and as a result, will no longer form part of their non-beneficial shareholding. The shares were sold on 22 March and represent 0.09% of the Company's issued share capital. The Company was informed that this sale had completed on 22 March 2019.

In addition, the Company has been notified by Michael Ziff, Non-Executive Director that he has transferred a total of 30,000 TCS shares to his three sons, representing 0.06% of the Company's issued share capital. The transfer occurred on 26 March and the Company was informed that this transfer had completed on 26 March 2019.

Following these changes:

1.   Edward Ziff's shareholding in TCS now totals 5,483,354 beneficial shares and 15,955,835 non-beneficial shares. These holdings equate to 10.3% and 30.0% respectively of the total issued share capital.

2.   Michael Ziff's shareholding in TCS now totals 2,539,081 beneficial shares and 8,105,121 non-beneficial shares. These holdings equate to 4.8% and 15.2% 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 reduces as a result of this sale to 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 & 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:		Disposal
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			£2.19	50,000
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			£2.19	50,000
4e)	Date of execution of transaction:		22 March 2019
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:		Disposal
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			£2.19	50,000
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			£2.19	50,000
4e)	Date of execution of transaction:		22 March 2019
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:		Transfer (reduction in holding)
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			n/a - transfer	30,000
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a - transfer	30,000
4e)	Date of execution of transaction:		26 March 2019
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

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, Manchester, Glasgow and London based property investment and car parking operator with assets of over £370m. 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. Their current portfolio delivers an annual income of more than £30m.

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

 

END

 

 

DSHSEUSAWFUSELD