Town Centre Securities PLC Change in notifiable holding by Directors of TCS (2598M)
04 January 2019 - 11:33PM
UK Regulatory
TIDMTOWN
RNS Number : 2598M
Town Centre Securities PLC
04 January 2019
4 January 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 784,368 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 be recognised as part of their non-beneficial
shareholding.
These shares remain part of the declared Ziff Concert Party
holding as the shares have been transferred to children of Edward
Ziff, Michael Ziff, and their sister Ann Manning.
Following these changes:
1. Edward Ziff's shareholding in TCS now totals 5,483,354
beneficial shares and 16,390,379 non-beneficial shares. These
holdings equate to 10.3% and 30.8% respectively of the total issued
share capital.
2. Michael Ziff's shareholding in TCS now totals 2,559,513
beneficial shares and 8,539,665 non-beneficial shares. These
holdings equate to 4.8% and 16.1% respectively of the total issued
share capital.
3. Benjamin Ziff, Executive Director sees his shareholding in
TCS increase to 264,383 representing 0.5% 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 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 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 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: Transfer (reduction in holding)
------------------------------- ----------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- -------------------- ------------
4c) n/a - transfer 784,368
----------------------------- -------------------- ------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------------- ------------
4d) n/a transfer 784,368
----------------------------- -------------------- ------------
4e) Date of execution 21 December 2018
of transaction:
------------------------------- ----------------------------------
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 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 784,368
----------------------------- -------------------- ------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- -------------------- ------------
4d) n/a transfer 784,368
----------------------------- -------------------- ------------
4e) Date of execution 21 December 2018
of transaction:
------------------------------- ----------------------------------
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 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 (increase in holding)
------------------------------- ---------------------------------
Price per share (in Price Volume (s)
pence) and volume
(number) of shares:
------------------------------- ------------------- ------------
4c) n/a - transfer 90,504
----------------------------- ------------------- ------------
Totals from 4(c): Aggregated Volume (s)
Price
------------------------------- ------------------- ------------
4d) n/a transfer 90,504
----------------------------- ------------------- ------------
4e) Date of execution 21 December 2018
of transaction:
------------------------------- ---------------------------------
4f) Place of transaction: Outside of trading venue
------------------------------- ---------------------------------
The Company was informed that this transfer had completed on 3
January 2019.
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 GBP400m. 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
DSHZMGGMZDLGLZM
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January 04, 2019 07:33 ET (12:33 GMT)
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