REG - Town Centre Secs. - Statement re Press Speculation

Town Centre SecuritiesAnnouncement

13/07/2022 07:01

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RNS Number : 2423S  Town Centre Securities PLC  13 July 2022

13 July 2022

 

Town Centre Securities PLC

('The Company' or 'TCS')

Statement re press speculation

Town Centre Securities PLC, the Leeds, Manchester, Scotland, and London
property investment, development, hotel and car parking company, notes press
speculation relating to the sale of YourParkingSpace Limited ("YPS"), in which
it holds an equity investment.

Whilst certain details in the press article are inaccurate, the Board can
confirm that YPS is in advanced stages of a sale to Flowbird, which if
successfully completed, will result in TCS receiving total cash consideration
of up to £20.7m for its equity investment.

There can be no certainty that a transaction will take place. The Company will
provide a further announcement as soon as possible.

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014

 

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

Ben Ziff, Managing Director: CitiPark PLC, TCS Energy & Technology
 

Stewart MacNeill, Group Finance Director

 

MHP Communications
 
                    tcs@mhpc.com (mailto:tcs@mhpc.com)

Reg Hoare / Pauline Guenot
 
                 020 3128
8567
 
 

Liberum
 
                                 www.liberum.com
(http://www.liberum.com)

Jamie Richards  / Lauren Kettle / Nikhil Varghese
                                                020
3100 2123

 

Peel Hunt
 
                              www.peelhunt.com
(http://www.peelhunt.com)

Carl Gough / Henry Nicholls
 
      020 3597 8673 / 8640

 

Notes to Editors:

Town Centre Securities PLC (TCS) is a Leeds & London based property
investor, car park and hotel operator with assets of over £360m. With more
than 60 years' experience, a commitment to sustainable development and a
reputation for quality and innovation, TCS creates 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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