REG - Town Centre Secs. - Director/PDMR Shareholding

Town Centre SecuritiesAnnouncement

02/04/2024 10:00

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RNS Number : 9496I  Town Centre Securities PLC  02 April 2024

2 April 2024

Town Centre Securities PLC

('TCS' or 'The Company')

Change in notifiable holding by Directors of TCS PLC

The Company  was notified on 28 March 2024 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 0.1% of the
Company's issued share capital and that he sold and immediately repurchased
54,280 TCS Shares. The transfers took place on 26 March 2024 and the
transactions took place on 27 March 2024.

Following these transfers Michael Ziff's shareholding in TCS now totals
2,472,255 beneficial shares and 7,443,445 non-beneficial shares. These
holdings equate to 5.9% 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 57.1% 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:                             26 March 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)

       134.5 pence                                                   54,280
       Totals from 4(c):                                             Aggregated Price   Volume (s)

 4d)

       134.5 pence                                                   54,280
 4e)   Date of execution of transaction:                               27 March 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)

       134.6 pence                                                   54,280
       Totals from 4(c):                                             Aggregated Price   Volume (s)

 4d)

       134.6 pence                                                   54,280
 4e)   Date of execution of transaction:                             27 March 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 MacNeill, Group Finance Director

 

 

MHP
Communications                                                                                                 020
3128 8100

Reg Hoare / Matthew Taylor
                                                       tcs@mhpgroup.com
(mailto: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 £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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