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.
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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 GBP1,250,000.
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/
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name
Vanessa Martin
2 Reason for the notification
a) Position/status person closely associated with Jason Upton, Chief Executive
Officer of One Heritage Group PLC
b) Initial notification /Amendment
Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
a) Name
One Heritage Group PLC
b) LEI
2138008ZZUCCE4UZHY23
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, Ordinary shares of 1p each in the Company
type of instrument
a)
Identification code
GB00BLF79495
b) Nature of the transaction
Placing, purchase of Ordinary Shares
Price(s)
Price(s) and volume(s) Volume(s)
c)
20p
100,000
Aggregated information
- Aggregated volume 100,000
d)
- Price 20p
- Total GBP20,000.00
e) Date of the transaction
6 July 2022
f) Place of the transaction
London Stock Exchange, Main Market
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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
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