Town Centre Securities PLC Statement re Press Speculation (2423S)

TIDMTOWN

RNS Number : 2423S

Town Centre Securities PLC

13 July 2022

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 GBP20.7m 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

[e-mail]

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 GBP360m. 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

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July 13, 2022 02:00 ET (06:00 GMT)