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RNS Number : 3697U Town Centre Securities PLC 28 March 2023
28 March 2023
Town Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding by Directors of TCS PLC
The Company was notified on 24 March 2023 by Michael Ziff, Non-Executive
Director that as part of his personal estate planning he has transferred a
total of 43,476 TCS shares to his three sons, representing 0.09% of the
Company's issued share capital and that he sold and immediately repurchased
14,500 TCS Shares. The transfers and transactions took place on 24 March 2023.
Following these transfers Michael Ziff's shareholding in TCS now totals
2,515,731 beneficial shares and 7,443,445 non-beneficial shares. These
holdings equate to 5.2% and 15.4% 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 54.8% 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)
Price per share (in pence) and volume (number) of shares: Price Volume (s)
4c)
138.0 pence 43,476
Totals from 4(c): Aggregated Price Volume (s)
4d)
138.0 pence 43,476
4e) Date of execution of transaction: 24 March 2023
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
Price per share (in pence) and volume (number) of shares: Price Volume (s)
4c)
138.0 pence 14,500
Totals from 4(c): Aggregated Price Volume (s)
4d)
138.0 pence 14,500
4e) Date of execution of transaction: 24 March 2023
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
Price per share (in pence) and volume (number) of shares: Price Volume (s)
4c)
138.2 pence 14,500
Totals from 4(c): Aggregated Price Volume (s)
4d)
138.2 pence 14,500
4e) Date of execution of transaction: 24 March 2023
4f) Place of transaction: London Stock Exchange (LSE)
ENDS
For further information, please contact:
Town Centre Securities www.tcs-plc.co.uk (http://www.tcs-plc.co.uk/) / @TCS PLC
PLC
Edward Ziff, Chairman and Chief Executive 0113 222 1234
Stewart MacNeill, Group Finance Director
MHP Group 020 3128 8572
Reg Hoare / Matthew Taylor tcs@mhpgroup.com
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 £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 (http://www.tcs-plc.co.uk)
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