One Heritage Group plc: Associate of the Group (1230600)
02 Settembre 2021 - 8:00AM
UK Regulatory
One Heritage Group plc (OHG) One Heritage Group plc: Associate
of the Group 02-Sep-2021 / 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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02 September 2021
ONE HERITAGE GROUP PLC
(the "Company" or "One Heritage")
Associate of the Group
One Heritage Group PLC (LSE: OHG), the UK-based residential
developer focused on the North West of England, has been made aware
of financial issues relating to a subsidiary of an associate of One
Heritage, One Heritage Maintenance Limited ("OHM"). The Board is in
the process of investigating such issues and will provide an update
when the position becomes clearer.
One Heritage owns a 47% stake in One Heritage Complete Limited
("OHC"), which in turn owns 73% of OHM. One Heritage's effective
stake is 34%. The reported value of OHC in One Heritage's accounts
was GBP285,459 at 31 December 2020 (30 June 2020: GBP258,512) and
One Heritage received total dividends from OHC in the six months to
31 December 2020 of GBP26,383. Other than the equity stake, One
Heritage has no exposure or commitments to OHC or its
subsidiaries.
The Company will provide more information if and when
appropriate. It is currently going through its annual audit process
and is scheduled to release its annual results in the middle of
October. The Company will undertake a presentation via Investor
Meet Company where investors will be welcome to ask questions.
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-west of England, seeking out value and maximising
opportunities for its investors. It has a team of dedicated
residential property development experts. 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: MSCH
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.: 121269
EQS News ID: 1230600
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 02, 2021 02:00 ET (06:00 GMT)
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