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LONDON - Town Centre Securities PLC (TCS), a UK-based property investment company, announced a change in notifiable holdings involving Non-Executive Director Michael Ziff. On 31 March 2025, Ziff engaged in a sale and immediate repurchase of 45,000 TCS shares as part of his personal estate planning activities.
The transactions, which occurred on the London Stock Exchange (LON:LSEG) (LSE), were executed at 134.0 pence per share for the sale and 134.1 pence per share for the repurchase. Following these transactions, Michael Ziff’s total shareholding in TCS comprises 2,376,103 beneficial shares and 7,443,445 non-beneficial shares. This represents 5.6% and 17.7%, respectively, of TCS’s total issued share capital.
The Ziff Concert Party, which includes three Directors—Edward Ziff, Michael Ziff, Benjamin Ziff—and their immediate families, maintains a collective shareholding of 56.9% in TCS. The composition of the Ziff Concert Party has been previously agreed upon with the Takeover Panel.
The notification of this change in notifiable holding is an initial notification, as required by regulatory standards. The details have been provided by the company in compliance with the market regulations.
Town Centre Securities PLC is known for its portfolio of properties and investments in various sectors, including retail and office spaces. The company’s shares are traded on the London Stock Exchange under the instrument of ordinary shares with ISIN GB0003062816.
The information provided in this article is based on a press release statement from Town Centre Securities PLC.
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