Director/PDMR Shareholding
Town Centre Securities PLC announced that Non-Executive Director Michael Ziff transferred 51,282 shares, representing 0.1% of the issued share capital, to his sons as part of estate planning. Following this transfer, Michael Ziff beneficially holds 2,299,821 shares (5.5%) and non-beneficially holds 7,443,445 shares (17.7%). The Ziff Concert Party's overall shareholding remains unchanged at 56.6% of the total issued share capital. The transaction involved ordinary shares of 25 pence each, with the transfer occurring outside a trading venue on March 31, 2026, at a price of 117.0 pence per share.
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The Company was notified on 31 March 2026 by Michael Ziff, Non-Executive Director that as part of his personal estate planning, he has transferred a total of 51,282 TCS shares to his three sons, representing 0.1% of the Company's issued share capital. The transfers took place on 31 March 2026.
Following these transfers Michael Ziff's shareholding in TCS now totals 2,299,821 beneficial shares and 7,443,445 non-beneficial shares. These holdings equate to 5.5% 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, 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 56.6% of the total issued share capital.
| 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) |
| 117.0 pence | 51,282 | ||
| 4d) | Totals from 4(c): | Aggregated Price | Volume (s) |
| 117.0 pence | 51,282 | ||
| 4e) | Date of execution of transaction: | 31 March 2026 | |
| 4f) | Place of transaction: | Outside of trading venue |
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