Last checked at 5 Mar 2019 07:00
5 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 384,544 TCS shares. These shares have previously been declared as part of Edward Ziff's and Michael Ziff's non-beneficial shareholding. As a result, these shares will no longer form part of their non-beneficial shareholding.
These shares remain part of the declared Ziff Concert Party holding as the shares have been transferred to the beneficial ownership of Michael Ziff, the children of Edward Ziff, and Edward and Michael's sister, Ann Manning.
Following these changes:
1. Edward Ziff's shareholding in TCS now totals 5,483,354 beneficial shares and 16,005,835 non-beneficial shares. These holdings equate to 10.3% and 30.1% respectively of the total issued share capital.
2. Michael Ziff's shareholding in TCS now totals 2,669,081 beneficial shares and 8,155,121 non-beneficial shares. These holdings equate to 5.0% and 15.3% respectively of the total issued share capital.
3. Benjamin Ziff's (Executive Director) shareholding in TCS increases to 300,443 representing 0.6% 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 unchanged at 51.7% 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 PDMR: | Chairman & Chief Executive | ||
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) | |
n/a - transfer |
384,544 | |||
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
n/a transfer |
384,544 | |||
4e) | Date of execution of transaction: | 4 March 2019 | ||
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: | Transfer (reduction in holding) | ||
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
n/a - transfer |
384,544 | |||
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
n/a transfer |
384,544 | |||
4e) | Date of execution of transaction: | 4 March 2019 | ||
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: | Transfer (increase in holding) | ||
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
n/a - transfer |
109,568 | |||
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
n/a transfer |
109,568 | |||
4e) | Date of execution of transaction: | 4 March 2019 | ||
4f) | Place of transaction: | Outside of trading venue | ||
1 | Details of the PDMR/person closely associated | |||
| Name: | Benjamin Ziff | ||
2 | Reason for the notification | |||
2a) | Job title/role of PDMR: | 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 (increase in holding) | ||
4c)
| Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
n/a - transfer |
36,060 | |||
4d) | Totals from 4(c):
| Aggregated Price | Volume (s) | |
n/a transfer |
36,060 | |||
4e) | Date of execution of transaction: | 4 March 2019 | ||
4f) | Place of transaction: | Outside of trading venue | ||
The Company was informed that this transfer had completed on 4 March 2019.
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
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 £370m. 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 £30m.
For more information visit www.tcs-plc.co.uk