Change in notifiable holding by Directors of TCS

RNS Number : 0307H

Town Centre Securities PLC

20 March 2020

 

20 March 2020

Town Centre Securities PLC
('TCS' or 'The Company')
 

Change in notifiable holding by Directors of TCS PLC

The Company has been notified by Benjamin Ziff, Executive Director and Michael Ziff, Non-Executive Director, that they have received TCS shares by way of transfer from Dr Marjorie Ziff. Benjamin Ziff received 35,000 shares, and Michael Ziff received 80,000 shares representing 0.07% and 0.15% of the Company's issued share capital respectively. The shares were transferred on 18 March 2020 and the Company was informed that this transfer had completed on 18 March 2020.

Following these changes:

1.  Benjamin Ziff's shareholding in TCS now totals 335,443 of beneficial shares, equating to 0.6% of the total issued share capital.

2.  Michael Ziff's shareholding in TCS now totals 2,619,081 beneficial shares and 7,685,121 non-beneficial shares. These holdings equate to 4.9% and 14.5% 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, their mother, their children and a number of trusts of which they are both trustees. These transfers do not change the Ziff Concert Party's shareholding in TCS which totals 51.3% of the total issued share capital.

1	Details of the PDMR/person closely associated
	Name:	Benjamin Ziff
2	Reason for the notification
2a)	Job title/role of PDMR:		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 (increase in holding)
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			n/a - transfer	35,000
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a - transfer	35,000
4e)	Date of execution of transaction:		18 March 2020
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:		Transfer (increase in holding)
4c)	Price per share (in pence) and volume (number) of shares:		Price	Volume (s)
			n/a - transfer	80,000
4d)	Totals from 4(c):		Aggregated Price	Volume (s)
			n/a - transfer	80,000
4e)	Date of execution of transaction:		18 March 2020
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

Mark Dilley, Group Finance Director 

MHP Communications 0203 128 8742

Reg Hoare / Alastair de Kare-Silver / Florence Mayo   [e-mail]

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 £394m. With 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. Their current portfolio delivers an annual income of more than £31m.

For more information visit www.tcs-plc.co.uk 

 

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