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TOWN CENTRE SECURITIES PLC — Director's Dealing 2019
Mar 27, 2019
4634_dirs_2019-03-27_430070cc-92cb-4a0d-a739-e0e219757fdb.html
Director's Dealing
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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 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: | Disposal | ||
| 4c) | Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
| £2.19 | 50,000 | |||
| 4d) | Totals from 4(c): | Aggregated Price | Volume (s) | |
| £2.19 | 50,000 | |||
| 4e) | Date of execution of transaction: | 22 March 2019 | ||
| 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 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: | Disposal | ||
| 4c) | Price per share (in pence) and volume (number) of shares: | Price | Volume (s) | |
| £2.19 | 50,000 | |||
| 4d) | Totals from 4(c): | Aggregated Price | Volume (s) | |
| £2.19 | 50,000 | |||
| 4e) | Date of execution of transaction: | 22 March 2019 | ||
| 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 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 | 30,000 | |||
| 4d) | Totals from 4(c): | Aggregated Price | Volume (s) | |
| n/a - transfer | 30,000 | |||
| 4e) | Date of execution of transaction: | 26 March 2019 | ||
| 4f) | Place of transaction: | Outside of trading venue | ||
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 [email protected]
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
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 [email protected] or visit www.rns.com.
END
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