REG - Town Centre Secs. - Change in notifiable holding by Directors of TCS

Town Centre SecuritiesAnnouncement

30/10/2024 10:15

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RNS Number : 2400K  Town Centre Securities PLC  30 October 2024

30 October 2024

Town Centre Securities PLC

('TCS' or 'The Company')

Change in notifiable holding by Directors of TCS PLC

The Company  was notified on 29 October 2024 by Michael Ziff, Non-Executive
Director that as part of his personal estate planning he has transferred a
total of 46,152 TCS shares to his three sons, representing 0.1% of the
Company's issued share capital and that he sold and immediately repurchased
15,300 TCS Shares. The transfers and the transactions took place on 29 October
2024.

Following these transfers Michael Ziff's shareholding in TCS now totals
2,406,103 beneficial shares and 7,443,445 non-beneficial shares. These
holdings equate to 5.7% 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. The Ziff Concert Party's shareholding
in TCS remains the same at 56.9% 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)

       130.0 pence                                                   46,152
       Totals from 4(c):                                             Aggregated Price   Volume (s)

 4d)

       130.0 pence                                                   46,152
 4e)   Date of execution of transaction:                             29 October 2024
 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)

       130.0 pence                                                   15,300
       Totals from 4(c):                                             Aggregated Price   Volume (s)

 4d)

       130.0 pence                                                   15,300
 4e)   Date of execution of transaction:                               29 October 2024
 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)

       130.0 pence                                                   15,300
       Totals from 4(c):                                             Aggregated Price   Volume (s)

 4d)

       130.0 pence                                                   15,300
 4e)   Date of execution of transaction:                             29 October 2024
 4f)   Place of transaction:                                         London Stock Exchange (LSE)

 

ENDS

For further information, please contact:

 

 Town Centre Securities PLC                                                     www.tcs-plc.co.uk (http://www.tcs-plc.co.uk/) / @TCS PLC

 Edward Ziff, Chairman and Chief Executive                                      0113 222 1234

 Stewart MacNeil, Group Finance Director

 MHP                                                                                                    +447827662831
 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 £290m. 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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