Press Release - 28 February 2023
Britannic Capital doubles down on its Approach to Town Centre Securities Plc with a suggestion of changes to the composition of the Company’s Board of Directors & Board Seat for its Managing Director
Harrogate, 28 February 2023 – Britannic Capital Limited (Britannic Capital) a privately controlled Investment Management Company based in Harrogate, North Yorkshire, has today written a further Open Letter to the Chairman & Chief Executive of Leeds headquartered Town Centre Securities Plc (Town Centre Securities) Dr. Edward Ziff OBE DL and his Board of Directors, doubling down on its efforts to solicit the company to go further and faster with its previously announced Share Repurchase Programme as well as identifying:
· Suggested changes to the composition of the Board of Directors’
· Suggested Board Seat for Britannic Capital Managing Director, Samuel S. Green
· A request for release of external valuation reports
· A request for release of data concerning listed investments held by the company
Full details are outlined in the attached press release and open letter.