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Pin to quick picksOne Heritage Regulatory News (OHG)

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One Heritage Group plc: Signing of a Relationship Agreement with majority shareholder

29 Jun 2022 07:00

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.


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 £7.5 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/

 

 

 



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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Date   Source Headline
27th Mar 20241:35 pmEQSOne Heritage Group plc: Interim report for the six months ended 31 December 2023
26th Mar 20241:00 pmEQSOne Heritage Group plc: Support from Parent Company with An Extended Debt Facility
25th Mar 202412:00 pmEQSOne Heritage Group plc: Corporate Bond Update
15th Mar 20245:02 pmEQSOne Heritage Group plc: Corporate Bond Update
12th Mar 202411:00 amEQSOne Heritage Group plc: Practical Completion of North Church House, Sheffield
8th Mar 20244:58 pmEQSOne Heritage Group plc: Directorate Change
8th Feb 20247:00 amEQSOne Heritage Group plc: Appointment of Chief Financial Officer and Directorate change
15th Jan 20247:00 amEQSOne Heritage Group plc: Support from Parent Company With An Extended Debt Facility
9th Jan 20241:30 pmEQSOne Heritage Group plc: Practical Completion of St Petersgate, Stockport
28th Dec 20237:00 amEQSOne Heritage Group plc: Churchgate update and refinance of Oscar House
30th Nov 202311:30 amEQSOne Heritage Group plc: Result of Annual General Meeting
14th Nov 202312:30 pmEQSOne Heritage Group plc: Churchgate Disposal
3rd Nov 20231:00 pmEQSOne Heritage Group plc: Posting of Accounts and Notice of AGM
3rd Nov 20237:00 amEQSOne Heritage Group plc: Investor Presentation
31st Oct 202312:32 pmEQSOne Heritage Group plc: Full year results for the year ending 30 June 2023
29th Sep 20231:10 pmEQSOne Heritage Group plc: Lincoln House Sales Update
29th Sep 20237:00 amEQSOne Heritage Group plc: Directorate Change
15th Sep 20237:00 amEQSOne Heritage Group plc: Lincoln House Sales Update
1st Sep 20237:00 amEQSOne Heritage Group plc: Lincoln House Sales Update
24th Aug 20237:00 amEQSOne Heritage Group plc: Lincoln House Sales Update
3rd Aug 20237:30 amEQSOne Heritage Group plc: Extended Support from Parent Company With An Increased Debt Facility
21st Jul 20237:32 amEQSOne Heritage Group plc: Development Management Agreement update on One Victoria, Manchester
4th Jul 202312:01 pmEQSOne Heritage Group plc: Trading and Corporate Update
12th Jun 20237:02 amEQSOne Heritage Group plc: Practical Completion of Oscar House in Manchester
18th May 20237:00 amEQSOne Heritage Group plc: Practical Completion of Liberty House, Bank Street, Sheffield
14th Apr 20237:00 amEQSOne Heritage Group plc: Repayment of One Heritage SPC Loan and Extension of Facility
28th Mar 20237:02 amEQSOne Heritage Group plc: Investor Presentation
28th Mar 20237:01 amEQSOne Heritage Group plc: Interim Results
23rd Mar 20239:05 amRNSSecond Price Monitoring Extn
23rd Mar 20239:00 amRNSPrice Monitoring Extension
10th Mar 20239:05 amRNSSecond Price Monitoring Extn
10th Mar 20239:00 amRNSPrice Monitoring Extension
1st Mar 20237:01 amEQSOne Heritage Group plc: Practical Completion of County House in Oldham
26th Jan 20238:00 amEQSOne Heritage Group plc: Trading Update
26th Jan 20237:00 amEQSOne Heritage Group plc: Trading Update
23rd Nov 20223:00 pmEQSOne Heritage Group plc: Result of Annual General Meeting
23rd Nov 20222:00 pmEQSOne Heritage Group plc: Result of Annual General Meeting
31st Oct 20222:00 pmEQSOne Heritage Group plc: Posting of Accounts and Notice of AGM
31st Oct 20221:00 pmEQSOne Heritage Group plc: Posting of Accounts and Notice of AGM
25th Oct 20224:41 pmRNSSecond Price Monitoring Extn
25th Oct 20224:35 pmRNSPrice Monitoring Extension
25th Oct 20222:00 pmRNSPrice Monitoring Extension
25th Oct 20227:06 amEQSOne Heritage Group plc: Investor Presentation
25th Oct 20227:05 amEQSOne Heritage Group plc: Investor Presentation
25th Oct 20227:02 amEQSOne Heritage Group plc: Full year results for the year ending 30 June 2022
25th Oct 20227:00 amEQSOne Heritage Group plc: Full year results for the year ending 30 June 2022
13th Oct 20224:40 pmRNSSecond Price Monitoring Extn
13th Oct 20224:36 pmRNSPrice Monitoring Extension
7th Oct 202212:00 pmEQSTiming of FY results and Trading Update
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