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

Town Centre Securities

31/03/2025 16:32

RNS Number : 9881C

Town Centre Securities PLC

31 March 2025

 

31 March 2025

Town Centre Securities PLC

('TCS' or 'The Company')

Change in notifiable holding by Directors of TCS PLC

The Company  was notified on 31 March 2025 by Michael Ziff, Non-Executive Director that as part of his personal estate planning he has sold and immediately repurchased 45,000 TCS Shares. The transactions took place on 31 March 2025.

Following these transfers Michael Ziff's shareholding in TCS now totals 2,376,103 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 5.6% 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:
Sale
4c)
Price per share (in pence) and volume (number) of shares:
Price
Volume (s)
134.0 pence
45,000
4d)
Totals from 4(c):
Aggregated Price
Volume (s)
134.0 pence
45,000
4e)
Date of execution of transaction:
31 March 2025
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
4c)
Price per share (in pence) and volume (number) of shares:
Price
Volume (s)
134.1 pence
45,000
4d)
Totals from 4(c):
Aggregated Price
Volume (s)
134.1 pence
45,000
4e)
Date of execution of transaction:
31 March 2025
4f)
Place of transaction:
London Stock Exchange (LSE)


 

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

Stewart MacNeill, Group Finance Director       

 

 

MHP Communications                                                                                                             020 3128 8100

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

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