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 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

-----------------------------------------------------------------------------------------------------------------------

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 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1391875&application_name=news

 

(END) Dow Jones Newswires

July 06, 2022 06:00 ET (10:00 GMT)

One Heritage (LSE:OHG)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more One Heritage Charts.
One Heritage (LSE:OHG)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more One Heritage Charts.