2 April
2024
Town
Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding
by Directors of TCS PLC
The Company was notified on 28
March 2024 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 0.1% of the Company's
issued share capital and that he sold and immediately repurchased
54,280 TCS Shares. The transfers took place on 26 March 2024 and
the transactions took place on 27 March 2024.
Following these transfers Michael
Ziff's shareholding in TCS now totals 2,472,255 beneficial shares
and 7,443,445 non-beneficial shares. These holdings equate to 5.9%
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
57.1% 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:
|
Transfer (reduction in
holding)
|
|
4c)
|
Price per share (in pence) and
volume (number) of shares:
|
Price
|
Volume
(s)
|
|
138.0 pence
|
43,476
|
|
4d)
|
Totals from 4(c):
|
Aggregated Price
|
Volume
(s)
|
|
138.0 pence
|
43,476
|
|
4e)
|
Date of execution of
transaction:
|
26 March 2024
|
|
4f)
|
Place of transaction:
|
Outside of trading venue
|
|
|
|
|
| |
|
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)
|
|
134.5 pence
|
54,280
|
|
4d)
|
Totals from 4(c):
|
Aggregated Price
|
Volume
(s)
|
|
134.5 pence
|
54,280
|
|
4e)
|
Date of execution of
transaction:
|
27 March 2024
|
|
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)
|
|
134.6 pence
|
54,280
|
|
4d)
|
Totals from 4(c):
|
Aggregated Price
|
Volume
(s)
|
|
134.6 pence
|
54,280
|
|
4e)
|
Date of execution of
transaction:
|
27 March 2024
|
|
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 £300m. 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
