Statement re Press Speculation

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