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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 27, 2019 04:52 ET (08:52 GMT)

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