REG-One Heritage Group plc Speculation relating to a company connected with the Company’s Majority Shareholder

One HeritageAnnouncement

26/04/2024 14:00

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   One Heritage Group plc (OHG)
   Speculation relating to a company connected with the Company’s Majority
   Shareholder

   26-Apr-2024 / 14:00 GMT/BST

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   26 April 2024

                             ONE HERITAGE GROUP PLC

                            (the “Company” or “OHG”)

                                        

    Speculation relating to a company connected with the Company’s Majority
                                  Shareholder

    

   One Heritage Group PLC (“the Company” or “OHG”), the UK-based  residential
   developer, development manager, and property manager focused on the  North
   of England, notes the speculation with respect to a company connected with
   OHG’s majority  shareholder, One  Heritage Property  Development  Limited,
   namely One Heritage Trust Limited.

    

   On the evening of 25th April, the directors of the Company became aware of
   allegations regarding two directors and ultimate beneficial owners of  its
   Hong Kong based  majority shareholder, One  Heritage Property  Development
   Limited, and  business  related  to  One Heritage  Trust  Limited.  It  is
   important to clarify  that any  allegations and suspicion  is specific  to
   China and affects China-based investors. One Heritage Property Development
   Limited, the Group’s majority shareholder which owns 65.3%, based in  Hong
   Kong, so  far  as  the directors  are  aware,  is not  implicated  in  the
   allegations. It should  be noted that  One Heritage Trust  Limited is  not
   part of the Company’s group.

    

   It is important to note that OHG  has a shareholder facility of up to  £14
   million, which,  at OHG’s  discretion, is  not due  for repayment  to  One
   Heritage Property Development Limited until December 2028.

    

   OHG operates independently  of One Heritage  Property Development  Limited
   and its other businesses and is  conducting business as usual. We want  to
   reassure  our  stakeholders  and  investors  that  our  operations  remain
   unaffected by any of these allegations or speculation.

    

    

   Contacts

    

   One Heritage Group plc

   Jason Upton

   Chief Executive Officer

   Email: jason.upton@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 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  1 https://www.oneheritageplc.com/.

    

    

    

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BLF79495
   Category Code:  MSCM
   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.:   318315
   EQS News ID:    1890865


    
   End of Announcement EQS News Service

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References

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