Town Centre Securities PLC Change in notifiable holding by Directors of TCS (3697U)
March 28 2023 - 1:00AM
UK Regulatory
TIDMTOWN
RNS Number : 3697U
Town Centre Securities PLC
28 March 2023
28 March 2023
Town Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding by Directors of TCS PLC
The Company was notified on 24 March 2023 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 0.09% of the Company's issued share capital and that
he sold and immediately repurchased 14,500 TCS Shares. The
transfers and transactions took place on 24 March 2023.
Following these transfers Michael Ziff's shareholding in TCS now
totals 2,515,731 beneficial shares and 7,443,445 non-beneficial
shares. These holdings equate to 5.2% and 15.4% 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. The Ziff Concert Party's shareholding in TCS remains the
same at 54.8% of the total issued share capital.
Details of the PDMR/person closely associated
1
Name: Michael Ziff
----------------------------- ------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
2a) Job title/role of Non-executive Director
PDMR:
------------------------------- ----------------------------------
2b) Status of this notification: Initial notification
------------------------------- ----------------------------------
Details of the issuer
3
-------------------------------------------------------------------
a) Name: Town Centre Securities Plc
------------------------------- ----------------------------------
b) LEI: 213800XRCH9RW2RIZD79
------------------------------- ----------------------------------
Details of the transaction(s)
4
-------------------------------------------------------------------
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 Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- ---------------- ----------------
4c) 138.0 pence 43,476
----------------------------- ---------------- ----------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- ---------------- ----------------
4d) 138.0 pence 43,476
----------------------------- ---------------- ----------------
4e) Date of execution 24 March 2023
of transaction:
------------------------------- ----------------------------------
4f) Place of transaction: Outside of trading venue
------------------------------- ----------------------------------
Details of the PDMR/person closely associated
1
Name: Michael Ziff
----------------------------- ---------------------------------
Reason for the notification
2
----------------------------------------------------------------
2a) Job title/role of Non-Executive Director
PDMR:
------------------------------- -------------------------------
2b) Status of this notification: Initial notification
------------------------------- -------------------------------
Details of the issuer
3
----------------------------------------------------------------
a) Name: Town Centre Securities Plc
------------------------------- -------------------------------
b) LEI: 213800XRCH9RW2RIZD79
------------------------------- -------------------------------
Details of the transaction(s)
4
----------------------------------------------------------------
4a) Type of instrument: Ordinary shares of 25 pence
each
ISIN: GB0003062816
------------------------------- -------------------------------
4b) Nature of the transaction: Sale
------------------------------- -------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- -------------- ---------------
4c) 138.0 pence 14,500
----------------------------- -------------- ---------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------- ---------------
4d) 138.0 pence 14,500
----------------------------- -------------- ---------------
4e) Date of execution 24 March 2023
of transaction:
------------------------------- -------------------------------
4f) Place of transaction: London Stock Exchange (LSE)
------------------------------- -------------------------------
Details of the PDMR/person closely associated
1
Name: Michael Ziff
----------------------------- ---------------------------------
Reason for the notification
2
----------------------------------------------------------------
2a) Job title/role of Non-executive Director
PDMR:
------------------------------- -------------------------------
2b) Status of this notification: Initial notification
------------------------------- -------------------------------
Details of the issuer
3
----------------------------------------------------------------
a) Name: Town Centre Securities Plc
------------------------------- -------------------------------
b) LEI: 213800XRCH9RW2RIZD79
------------------------------- -------------------------------
Details of the transaction(s)
4
----------------------------------------------------------------
4a) Type of instrument: Ordinary shares of 25 pence
each
ISIN: GB0003062816
------------------------------- -------------------------------
4b) Nature of the transaction: Purchase
------------------------------- -------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- -------------- ---------------
4c) 138.2 pence 14,500
----------------------------- -------------- ---------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------- ---------------
4d) 138.2 pence 14,500
----------------------------- -------------- ---------------
4e) Date of execution 24 March 2023
of transaction:
------------------------------- -------------------------------
4f) Place of transaction: London Stock Exchange (LSE)
------------------------------- -------------------------------
S
For further information, please contact:
Town Centre Securities PLC www.tcs-plc.co.uk
/ @TCS PLC
Edward Ziff, Chairman and Chief Executive
Stewart MacNeill, Group Finance Director 0113 222 1234
MHP Group 020 3128 8572
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 over GBP300m. 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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