Town Centre Securities PLC Director/PDMR Shareholding (1533U)
27 Marzo 2019 - 02:52AM
UK Regulatory
TIDMTOWN
RNS Number : 1533U
Town Centre Securities PLC
27 March 2019
27 March 2019
Town Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding by Directors of TCS PLC
The Company has been notified by Edward Ziff, Chairman and Chief
Executive and Michael Ziff, Non-Executive Director, that they are
no longer Trustees for 50,000 TCS shares. These shares have
previously been declared as part of Edward Ziff's and Michael
Ziff's non-beneficial shareholding. The shares have been sold and
as a result, will no longer form part of their non-beneficial
shareholding. The shares were sold on 22 March and represent 0.09%
of the Company's issued share capital. The Company was informed
that this sale had completed on 22 March 2019.
In addition, the Company has been notified by Michael Ziff,
Non-Executive Director that he has transferred a total of 30,000
TCS shares to his three sons, representing 0.06% of the Company's
issued share capital. The transfer occurred on 26 March and the
Company was informed that this transfer had completed on 26 March
2019.
Following these changes:
1. Edward Ziff's shareholding in TCS now totals 5,483,354
beneficial shares and 15,955,835 non-beneficial shares. These
holdings equate to 10.3% and 30.0% respectively of the total issued
share capital.
2. Michael Ziff's shareholding in TCS now totals 2,539,081
beneficial shares and 8,105,121 non-beneficial shares. These
holdings equate to 4.8% and 15.2% 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 reduces as a
result of this sale to 51.3% of the total issued share capital.
1 Details of the PDMR/person closely associated
Name: Edward Ziff
----------------------------- --------------------------------
2 Reason for the notification
---------------------------------------------------------------
2a) Job title/role of Chairman & Chief Executive
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: Disposal
------------------------------- ------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- -------------- --------------
4c) GBP2.19 50,000
----------------------------- -------------- --------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------- --------------
4d) GBP2.19 50,000
----------------------------- -------------- --------------
4e) Date of execution 22 March 2019
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: Disposal
------------------------------- ------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- -------------- --------------
4c) GBP2.19 50,000
----------------------------- -------------- --------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------- --------------
4d) GBP2.19 50,000
----------------------------- -------------- --------------
4e) Date of execution 22 March 2019
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: Transfer (reduction in holding)
------------------------------- ----------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- -------------------- ------------
4c) n/a - transfer 30,000
----------------------------- -------------------- ------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------------- ------------
4d) n/a - transfer 30,000
----------------------------- -------------------- ------------
4e) Date of execution 26 March 2019
of transaction:
------------------------------- ----------------------------------
4f) Place of transaction: Outside of trading venue
------------------------------- ----------------------------------
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
Mark Dilley, Group Finance Director
MHP Communications 0203 128 8742
Reg Hoare / Alistair de Kare- Silver
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 GBP370m. 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. Their current
portfolio delivers an annual income of more than GBP30m.
For more information visit www.tcs-plc.co.uk
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END
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