Change in notifiable holding by Directors of TCS

RNS Number : 7814R

Town Centre Securities PLC

05 March 2019

 

5 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 384,544 TCS shares. These shares have previously been declared as part of Edward Ziff's and Michael Ziff's non-beneficial shareholding. As a result, these shares will no longer form part of their non-beneficial shareholding.

These shares remain part of the declared Ziff Concert Party holding as the shares have been transferred to the beneficial ownership of Michael Ziff, the children of Edward Ziff, and Edward and Michael's sister, Ann Manning.

Following these changes:

1.   Edward Ziff's shareholding in TCS now totals 5,483,354 beneficial shares and 16,005,835 non-beneficial shares. These holdings equate to 10.3% and 30.1% respectively of the total issued share capital.

2.   Michael Ziff's shareholding in TCS now totals 2,669,081 beneficial shares and 8,155,121 non-beneficial shares. These holdings equate to 5.0% and 15.3% respectively of the total issued share capital.

3.   Benjamin Ziff's (Executive Director) shareholding in TCS increases to 300,443 representing 0.6% 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 unchanged at 51.7% 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:		Transfer (reduction in holding)
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			n/a - transfer	384,544
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a transfer	384,544
4e)	Date of execution of transaction:		4 March 2019
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	384,544
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a transfer	384,544
4e)	Date of execution of transaction:		4 March 2019
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 (increase in holding)
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			n/a - transfer	109,568
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a transfer	109,568
4e)	Date of execution of transaction:		4 March 2019
4f)	Place of transaction:		Outside of trading venue

1	Details of the PDMR/person closely associated
	Name:	Benjamin Ziff
2	Reason for the notification
2a)	Job title/role of PDMR:		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 (increase in holding)
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			n/a - transfer	36,060
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a transfer	36,060
4e)	Date of execution of transaction:		4 March 2019
4f)	Place of transaction:		Outside of trading venue

The Company was informed that this transfer had completed on 4 March 2019.

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

 

 

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