28 July 2021
Town Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding by Directors of TCS PLC
The Company was notified on 26 July 2021 that a trust in which Edward Ziff, Chairman and Chief Executive, has a non-beneficial interest in has transferred a total of 1,716,783 TCS shares to the ultimate beneficiaries, who are all members of the Ziff Concert Party. These shares have previously been declared as part of Edward Ziff's non-beneficial shareholdings. The shares transferred represent 3.2% of the Company's issued share capital. The transfers took place on 22 July 2021.
Following these transfers Edward Ziff's shareholding in TCS now totals 5,488,990 beneficial shares and 13,848,110 non-beneficial shares. These holdings equate to 10.4% and 26.1% respectively of the total issued share capital.
One of the ultimate beneficiaries is Ben Ziff, a Director of TCS, who received 429,195 of these shares. Following these transfers Ben Ziff's shareholding in TCS now totals 770,164 beneficial shares. This holding equates to 1.5% 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 now represents 51.5% of the total issued share capital.
| 1 | Details of the PDMR/person closely associated | |||
|
| Name: | Edward Ziff | ||
| 2 | Reason for the notification | |||
| 2a) | Job title/role of PDMR: | Chairman and Chief Executive | ||
| 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) | ||
|
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
|
n/a - transfer |
1,716,783 | |||
|
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
|
n/a - transfer | 1,716,783 | |||
| 4e) | Date of execution of transaction: | 22 July 2021 | ||
| 4f) | Place of transaction: | Outside of trading venue | ||
| 1 | Details of the PDMR/person closely associated | |||
|
| Name: | Ben Ziff | ||
| 2 | Reason for the notification | |||
| 2a) | Job title/role of PDMR: | 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 (increase in holding) | ||
|
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
|
n/a - transfer |
429,195 | |||
|
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
|
n/a - transfer |
429,195 | |||
| 4e) | Date of execution of transaction: | 22 July 2021 | ||
| 4f) | Place of transaction: | Outside of trading venue | ||
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
MHP Communications 0203 128 8742
Reg Hoare / Alistair de Kare- Silver tcs@mhpc.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 £360m. With more than 50 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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