Business
Change in notifiable holding by Directors of TCS
Change in notifiable holding by Directors of TCS.
About this update from Town Centre Securities Plc
[{"type":"text","content":"\n\n31 March 2025\nTown Centre Securities PLC\n('TCS' or 'The Company')\n\nChange in notifiable holding by Directors of TCS PLC\nThe Company was notified on 31 March 2025 by Michael Ziff, Non-Executive Director that as part of his personal estate planning he has sold and immediately repurchased 45,000 TCS Shares. The transactions took place on 31 March 2025.\nFollowing these transfers Michael Ziff's shareholding in TCS now totals 2,376,103 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 5.6% and 17.7% respectively of the total issued share capital.\nThe 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.\n \n\n\n\n\n1\n\n\nDetails of the PDMR/person closely associated\n\n\n\n\n \n\n\nName:\n\n\n Michael Ziff\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\n2a)\n\n\nJob title/role of PDMR:\n\n\nNon-Executive Director\n\n\n\n\n2b)\n\n\nStatus of this notification:\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer\n\n\n\n\na)\n\n\nName:\n\n\nTown Centre Securities Plc\n\n\n\n\nb)\n\n\nLEI:\n\n\n213800XRCH9RW2RIZD79\n\n\n\n\n4\n\n\nDetails of the transaction(s)\n\n\n\n\n4a)\n\n\nType of instrument:\n\n\nOrdinary shares of 25 pence each\nISIN: GB0003062816\n\n\n\n\n4b)\n\n\nNature of the transaction:\n\n\nSale\n\n\n\n\n \n4c)\n\n\nPrice per share (in pence) and volume (number) of shares:\n\n\nPrice\n\n\nVolume (s)\n\n\n\n\n \n134.0 pence\n\n\n \n45,000\n\n\n\n\n \n4d)\n\n\nTotals from 4(c):\n \n\n\nAggregated Price\n\n\nVolume (s)\n\n\n\n\n \n134.0 pence\n\n\n \n45,000\n\n\n\n\n4e)\n\n\nDate of execution of transaction:\n\n\n 31 March 2025\n\n\n\n\n4f)\n\n\nPlace of transaction:\n\n\nLondon Stock Exchange (LSE)\n\n\n\n\n\n\n\n\n\n\n\n \n \n\n\n\n\n1\n\n\nDetails of the PDMR/person closely associated\n\n\n\n\n \n\n\nName:\n\n\n Michael Ziff\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\n2a)\n\n\nJob title/rol...