13 Jul 2022 07:00
13 July 2022
Town Centre Securities PLC
('The Company' or 'TCS')
Statement re press speculation
Town Centre Securities PLC, the Leeds, Manchester, Scotland, and London property investment, development, hotel and car parking company, notes press speculation relating to the sale of YourParkingSpace Limited ("YPS"), in which it holds an equity investment.
Whilst certain details in the press article are inaccurate, the Board can confirm that YPS is in advanced stages of a sale to Flowbird, which if successfully completed, will result in TCS receiving total cash consideration of up to £20.7m for its equity investment.
There can be no certainty that a transaction will take place. The Company will provide a further announcement as soon as possible.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
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
Ben Ziff, Managing Director: CitiPark PLC, TCS Energy & Technology
Stewart MacNeill, Group Finance Director
MHP Communications tcs@mhpc.com
Reg Hoare / Pauline Guenot 020 3128 8567
Liberum www.liberum.com
Jamie Richards / Lauren Kettle / Nikhil Varghese 020 3100 2123
Peel Hunt www.peelhunt.com
Carl Gough / Henry Nicholls 020 3597 8673 / 8640
Notes to Editors:
Town Centre Securities PLC (TCS) is a Leeds & London based property investor, car park and hotel operator with assets of over £360m. With more than 60 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS creates mixed use developments close to transport hubs in major cities across the UK.
For more information visit www.tcs-plc.co.uk
Town Centre (TOWN)