Director/PDMR Shareholding

Town Centre Securities PLC

11 April 2024

 

11 April 2024

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

Change in notifiable holding by Director of TCS PLC

The Company  was notified on 10 April 2024 by Michael Ziff, Non-Executive Director that he has sold a total of 20,000 TCS shares representing 0.05% of the Company's issued share capital. The sale took place on 10 April 2024.

Following this sale, Michael Ziff's shareholding in TCS now totals 2,452,255 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 5.8% and 17.7% 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, the estate of their late mother, their children and a number of trusts of which they are both trustees. Following this sale, the Ziff Concert Party's shareholding in TCS has reduced to 57.0% 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:		Sale
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			141.0 pence	20,000
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			141.0 pence	20,000
4e)	Date of execution of transaction:		10 April 2024
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                                                                                                 020 3128 8100

Reg Hoare / Matthew Taylor                                                                              [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 £300m. With more than 60 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