TIDMTOWN

RNS Number : 6631F

Town Centre Securities PLC

23 March 2022

23 March 2022

Town Centre Securities PLC

('TCS' or 'The Company')

Change in notifiable holding by Directors of TCS PLC

The Company was notified on 18 March 2022 by Michael Ziff, Non-Executive Director that as part of his personal estate planning he has transferred a total of 37,149 TCS shares to his three sons, representing 0.07% of the Company's issued share capital and that he sold and immediately repurchased 12,383 TCS Shares. The transfers and transactions took place on 18 March 2022.

Following these transfers Michael Ziff's shareholding in TCS now totals 2,559,207 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 4.9% and 14.2% 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 52.1% 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                Non-executive Director 
        PDMR: 
      -------------------------------  ---------------------------------- 
 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) 
      -------------------------------  ---------------------------------- 
       Price per share (in                    Price          Volume (s) 
        pence) and volume 
        (number) of shares: 
      -------------------------------  ------------------  -------------- 
 
 4c)                                      161.5 pence         37,149 
      -----------------------------    ------------------  -------------- 
       Totals from 4(c):                   Aggregated        Volume (s) 
                                              Price 
      -------------------------------  ------------------  -------------- 
 
 4d)                                      161.5 pence         37,149 
      -----------------------------    ------------------  -------------- 
 4e)   Date of execution                      18 March 2022 
        of transaction: 
      -------------------------------  ---------------------------------- 
 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                Non-Executive Director 
        PDMR: 
      -------------------------------  ------------------------------ 
 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 
      -------------------------------  ------------------------------ 
       Price per share (in                   Price        Volume (s) 
        pence) and volume 
        (number) of shares: 
      -------------------------------  ----------------  ------------ 
 
 4c)                                      161.0 pence       12,383 
      -----------------------------    ----------------  ------------ 
       Totals from 4(c):                  Aggregated      Volume (s) 
                                             Price 
      -------------------------------  ----------------  ------------ 
 
 4d)                                      161.0 pence       12,383 
      -----------------------------    ----------------  ------------ 
 4e)   Date of execution                18 March 2022 
        of transaction: 
      -------------------------------  ------------------------------ 
 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                Non-executive Director 
        PDMR: 
      -------------------------------  ------------------------------ 
 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 
      -------------------------------  ------------------------------ 
       Price per share (in                   Price        Volume (s) 
        pence) and volume 
        (number) of shares: 
      -------------------------------  ----------------  ------------ 
 
 4c)                                      161.2 pence       12,383 
      -----------------------------    ----------------  ------------ 
       Totals from 4(c):                  Aggregated      Volume (s) 
                                             Price 
      -------------------------------  ----------------  ------------ 
 
 4d)                                      161.2 pence       12,383 
      -----------------------------    ----------------  ------------ 
 4e)   Date of execution               18 March 2022 
        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 0113 222 1234

Stewart MacNeill, Group Finance Director

MHP Communications 0203 128 8742

Reg Hoare / Matthew Taylor / Pauline Guenot 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 GBP360m. 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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END

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March 23, 2022 03:00 ET (07:00 GMT)

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