Director/PDMR Shareholding

RNS Number : 6696G

Town Centre Securities PLC

28 July 2021

 

28 July 2021

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

Change in notifiable holding by Directors of TCS PLC

The Company  was notified on 26 July 2021 that a trust in which Edward Ziff, Chairman and Chief Executive, has a non-beneficial interest in has transferred a total of 1,716,783 TCS shares to the ultimate beneficiaries, who are all members of the Ziff Concert Party. These shares have previously been declared as part of Edward Ziff's non-beneficial shareholdings. The shares transferred represent 3.2% of the Company's issued share capital. The transfers took place on 22 July 2021.

Following these transfers Edward Ziff's shareholding in TCS now totals 5,488,990 beneficial shares and 13,848,110 non-beneficial shares. These holdings equate to 10.4% and 26.1% respectively of the total issued share capital.

One of the ultimate beneficiaries is Ben Ziff, a Director of TCS, who received 429,195 of these shares. Following these transfers Ben Ziff's shareholding in TCS now totals 770,164 beneficial shares. This holding equates to 1.5% 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 now represents 51.5% 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 and 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	1,716,783
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a - transfer	1,716,783
4e)	Date of execution of transaction:		22 July 2021
4f)	Place of transaction:		Outside of trading venue

1	Details of the PDMR/person closely associated
	Name:	Ben Ziff
2	Reason for the notification
2a)	Job title/role of PDMR:		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	429,195
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a - transfer	429,195
4e)	Date of execution of transaction:		22 July 2021
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

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 £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 

 

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