One Heritage Group plc: Signing of a Relationship Agreement with majority shareholder (1385917)
29 Giugno 2022 - 8:00AM
UK Regulatory
One Heritage Group plc (OHG) One Heritage Group plc: Signing of
a Relationship Agreement with majority shareholder 29-Jun-2022 /
07:00 GMT/BST Dissemination of a Regulatory Announcement that
contains inside information according to REGULATION (EU) No
596/2014 (MAR), transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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29 June 2022
ONE HERITAGE GROUP PLC
(the "Company" or "One Heritage")
Signing of a Relationship Agreement with majority
shareholder
One Heritage Group PLC (LSE: OHG), the UK-based residential
developer focused on the North of England, is pleased to announce
that it has signed an agreement with One Heritage Property
Development Limited ("OHPD") that sets out the formal relationship
between OHPD and the Company (the "Relationship Agreement"). The
Board keeps corporate governance under continuous review and the
signing of the Relationship Agreement was undertaken as a result of
the Board's ongoing commitment to continually improve the corporate
governance in the Company.
OHPD is the Company's majority shareholder, holding 63.8% of the
issued share capital in the Company. It also shares a common
director in Yiu Tak (Peter) Cheung and provides One Heritage with a
GBP7.5 million loan facility. The Relationship Agreement ensures
that One Heritage continues to operate independently of OHPD and
that any transactions between OHPD and One Heritage will be on
normal commercial and arm's length terms.
OHPD has agreed that the Board of One Heritage will always be
required to contain at least two Independent Directors, one of whom
will be Chair. OHPD further agrees that its Nominated Director will
not be permitted to exercise the voting rights of OHPD in respect
of certain matters. These matters are set out in the Relationship
Agreement. In relation to such matters the quorum of the Board will
require at least two Independent Directors and exclude the
Nominated Director.
The Relationship Agreement, which contains the Schedule of
Matters Reserved for the Board in this respect, is available via
the Company's website at https://www.oneheritageplc.com/
Contacts
One Heritage Group plc
Jason Upton
Chief Executive Officer
Email: jason.upton@one-heritage.com
Luke Piggin
Finance Director
Email: luke.piggin@one-heritage.com
Hybridan LLP (Financial Adviser and Broker)
Claire Louise Noyce
Email: claire.noyce@hybridan.com
Tel: +44 (0)203 764 2341
About One Heritage Group
One Heritage Group PLC is a property development and management
company. It focuses on the residential sector primarily in the
North of England, seeking out value and maximising opportunities
for our investors. In 2020 One Heritage Group PLC became one of the
first publicly listed residential developers with a focus on
co-living.
The Company is listed on the Standard List of the Main Market of
the London Stock Exchange, trading under the ticker OHG.
For further information, please visit the Company's website at
https://www.oneheritageplc.com/
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ISIN: GB00BLF79495
Category Code: UPD
TIDM: OHG
LEI Code: 2138008ZZUCCE4UZHY23
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 171258
EQS News ID: 1385917
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 29, 2022 02:00 ET (06:00 GMT)
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