Last checked at 6 Jul 2022 11:00
One Heritage Group plc (OHG) One Heritage Group plc: Completion of a Subscription/PDMR Shareholding 06-Jul-2022 / 11:00 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. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR") AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES 06 July 2022 ONE HERITAGE GROUP PLC (the “Company” or “One Heritage”) Completion of a Subscription/PDMR Shareholding One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is pleased to announce the successful completion of a Subscription (the "Subscription"). Subscription A total of 6,250,000 new ordinary shares of 1.0 pence each in the Company (the "Subscription Shares") have been issued at a price of 20.0 pence per Share, with existing and new investors, raising gross proceeds of approximately £1,250,000. One Heritage Property Development Limited (“OHPD”), the majority shareholder in the Company, has acquired 4,500,000 of the Subscription Shares. This will increase OHPD’s shareholding in the Company from 63.8% to 65.1%. Yiu Tak Cheung recused himself from the Board Meeting that approved the Subscription, as per the Relationship Agreement signed on 29 June 2022. Vanessa Martin, a connected person to Jason Upton, Chief Executive Officer of One Heritage Group PLC, has also purchased 100,000 Subscription Shares. Jason Upton, together with his connected persons, is interested in 1,100,000 Ordinary Shares representing 3.39% of the Company’s total voting rights. The Subscription Shares represent approximately 19.3 per cent. of the ordinary share capital in issue of the Company prior to the Subscription. The Subscription proceeds are expected to be used for future acquisitions. Total voting rights Application will be made for the Subscription Shares to be admitted to trading on the Standard List of the London Stock Exchange (“LSE”) and admission is expected to occur on or around 08 July 2022 ("Admission"). Upon Admission, the Company will have 38,678,333 ordinary shares of 1.0 pence each in issue, each carrying the right to one vote. There are no shares held in treasury. The total voting rights in the Company will therefore be 38,678,333 and shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules. The placing is conditional upon the shares being admitted to trading on the LSE. Jason Upton, Chief Executive Officer of One Heritage Group PLC, commented: “One Heritage is pleased to complete a Subscription as it demonstrates the continued support for the Company’s strategy.” The information contained within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulation. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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: | IOE |
| 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.: | 172935 |
| EQS News ID: | 1391875 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.