DJ Speculation relating to a company connected with the Company's Majority Shareholder
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 GBP14 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 https://www.oneheritageplc.com/.
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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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(END) Dow Jones Newswires
April 26, 2024 09:00 ET (13:00 GMT)
