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On 29 October 2024, Michael Ziff, a Non-Executive Director of Town Centre Securities PLC, transferred 46,152 TCS shares, representing 0.1% of the Company's issued share capital, to his three sons and simultaneously sold and repurchased 15,300 TCS shares at 130.0 pence per share. Following these transactions, Michael Ziff's beneficial shareholding totals 2,406,103 shares (5.7%) and his non-beneficial holding is 7,443,445 shares (17.7%), with the Ziff Concert Party's shareholding remaining at 56.9%.
| Date | 30 Oct 2024 |
| Time | 10:08:57 |
| Category | Director/PDMR dealings |
| ID | 2400K |
30 October 2024
Town Centre Securities PLC
('TCS' or 'The Company')
Change in notifiable holding by Directors of TCS PLC
The Company was notified on 29 October 2024 by Michael Ziff, Non-Executive Director that as part of his personal estate planning he has transferred a total of 46,152 TCS shares to his three sons, representing 0.1% of the Company's issued share capital and that he sold and immediately repurchased 15,300 TCS Shares. The transfers and the transactions took place on 29 October 2024.
Following these transfers Michael Ziff's shareholding in TCS now totals 2,406,103 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 5.7% and 17.7% 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, the estate of their late mother, their children and a number of trusts of which they are both trustees. The Ziff Concert Party's shareholding in TCS remains the same at 56.9% of the total issued share capital.
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1 |
Details of the PDMR/person closely associated |
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Name: |
Michael Ziff |
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2 |
Reason for the notification |
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2a) |
Job title/role of PDMR: |
Non-executive Director |
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2b) |
Status of this notification: |
Initial notification |
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3 |
Details of the issuer |
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a) |
Name: |
Town Centre Securities Plc |
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b) |
LEI: |
213800XRCH9RW2RIZD79 |
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4 |
Details of the transaction(s) |
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4a) |
Type of instrument: |
Ordinary shares of 25 pence each ISIN: GB0003062816 |
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4b) |
Nature of the transaction: |
Transfer (reduction in holding) |
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4c)
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Price per share (in pence) and volume (number) of shares: |
Price |
Volume (s) |
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130.0 pence |
46,152 |
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4d) |
Totals from 4(c):
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Aggregated Price |
Volume (s) |
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130.0 pence |
46,152 |
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4e) |
Date of execution of transaction: |
29 October 2024 |
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4f) |
Place of transaction: |
Outside of trading venue |
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1 |
Details of the PDMR/person closely associated |
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|
|
Name: |
Michael Ziff |
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2 |
Reason for the notification |
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2a) |
Job title/role of PDMR: |
Non-Executive Director |
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2b) |
Status of this notification: |
Initial notification |
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|
3 |
Details of the issuer |
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|
a) |
Name: |
Town Centre Securities Plc |
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b) |
LEI: |
213800XRCH9RW2RIZD79 |
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4 |
Details of the transaction(s) |
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4a) |
Type of instrument: |
Ordinary shares of 25 pence each ISIN: GB0003062816 |
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4b) |
Nature of the transaction: |
Sale |
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4c) |
Price per share (in pence) and volume (number) of shares: |
Price |
Volume (s) |
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|
130.0 pence |
15,300 |
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4d) |
Totals from 4(c):
|
Aggregated Price |
Volume (s) |
|
|
130.0 pence |
15,300 |
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4e) |
Date of execution of transaction: |
29 October 2024 |
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4f) |
Place of transaction: |
London Stock Exchange (LSE) |
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1 |
Details of the PDMR/person closely associated |
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|
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Name: |
Michael Ziff |
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2 |
Reason for the notification |
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2a) |
Job title/role of PDMR: |
Non-executive Director |
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2b) |
Status of this notification: |
Initial notification |
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3 |
Details of the issuer |
|||
|
a) |
Name: |
Town Centre Securities Plc |
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b) |
LEI: |
213800XRCH9RW2RIZD79 |
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4 |
Details of the transaction(s) |
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4a) |
Type of instrument: |
Ordinary shares of 25 pence each ISIN: GB0003062816 |
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4b) |
Nature of the transaction: |
Purchase |
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4c)
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Price per share (in pence) and volume (number) of shares: |
Price |
Volume (s) |
|
|
130.0 pence |
15,300 |
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4d) |
Totals from 4(c):
|
Aggregated Price |
Volume (s) |
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|
130.0 pence |
15,300 |
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4e) |
Date of execution of transaction: |
29 October 2024 |
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4f) |
Place of transaction: |
London Stock Exchange (LSE) |
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ENDS
For further information, please contact:
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Town Centre Securities PLC |
www.tcs-plc.co.uk / @TCS PLC |
|
Edward Ziff, Chairman and Chief Executive Stewart MacNeil, Group Finance Director
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0113 222 1234 |
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MHP |
+447827662831 |
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Reg Hoare / Matthew Taylor |
tcs@mhpgroup.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 £290m. With more than 60 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.
For more information visit www.tcs-plc.co.uk