Town Centre Securities PLC Directorate Change (1795P)
16 Febrero 2021 - 1:00AM
UK Regulatory
TIDMTOWN
RNS Number : 1795P
Town Centre Securities PLC
16 February 2021
16 February 2021
Town Centre Securities PLC
('The Company' or 'TCS')
Directorate Change
Town Centre Securities PLC (TCS) today announces that Mark
Dilley, Group Finance Director, is to leave the business and will
stand down from the Board and his role on 28 February 2021 and
begin an agreed period of garden leave.
In his time at TCS, Mark has focused on supporting the business
in its transformation strategy, accelerated in the past year. Mark
has been instrumental in the refinancing of the business, most
notably with the agreement of the innovative financing of Merrion
House, Leeds, and our Burlington House private rental joint venture
development in Manchester. Furthermore, Mark has focused on
improving the breadth and quality of our shareholder communications
and investor relations activity.
The recent strategy to reset and reinvigorate the business,
including the completion of the sale of a significant number of
retail assets, combined with the impact of COVID-19, has increased
the focus on reducing costs.
The Company has therefore initiated a search for a new Group
Finance Director for the next stage of TCS's strategy.
The Company's half year results for the six months ending 31
December 2020 will be released on Wednesday 24 February 2021.
Edward Ziff, Chairman and Chief Executive commented: "I would
like to thank Mark for his contribution and support during his time
with the Company. Mark has been invaluable during a period of
significant change for TCS, both in his careful management of our
financial position, and his valuable insight into our future
direction. I am particularly grateful for his support and hard work
during the extremely challenging past twelve months".
Mark Dilley commented: "I would like to thank Edward and the
rest of the Board for their support and trust during my time with
the Company. This is absolutely the right time for TCS to revisit
its Board makeup and for me to consider the next stage in my career
following the excellent and invaluable experience I have benefited
from during my time at TCS."
-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
020 3128 8572
Reg Hoare / Alistair de Kare-Silver / Florence Mayo
tcs@mhpc.com
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END
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