REG-One Heritage Group plc One Heritage Group plc: Directorate Change

One HeritageAnnouncement

08/04/2024 09:00

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   One Heritage Group plc (OHG)
   One Heritage Group plc: Directorate Change

   08-Apr-2024 / 08:45 GMT/BST

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   8 April 2024

                             ONE HERITAGE GROUP PLC

                                (the “Company”)

                                        

                               Directorate Change

    

   One Heritage Group PLC ("the Company" or "OHG"), the UK-based  residential
   developer, development manager, and property manager focused on the  North
   of England,  announces  that  Yiu  Tak (Peter)  Cheung  has  tendered  his
   resignation as Chief Investment Officer (CIO), effective 30th April 2024.

    

   Peter Cheung has decided  to step down  from his part  time role as  Chief
   Investment Officer (CIO) due to  personal reasons. After some  discussion,
   the Board of  Directors accepts  and respects his  decision and  expresses
   gratitude for his significant contributions throughout his tenure with the
   Company.

    

   To ensure a seamless transition and effective management, the Company  has
   recruited a new Head of Investment,  who will officially start in post  on
   15th April 2024. In assuming all  duties previously held by Peter  Cheung,
   among others, it should  be noted that this  position, at this time,  will
   not be a board role. The Head  of Investment role is a permanent  position
   and is UK based and represents  a critical appointment for the Company  as
   it focuses on new investments and the growth of its development pipeline.

    

   An Interim  Head  of  Finance  was appointed  in  March  2024  to  oversee
   financial operations while the Company undertakes a search for a full time
   Head of Finance.

    

   It is also  important to state  that Peter Cheung's  resignation does  not
   impact the strong  relationship the  Company maintains  with its  majority
   shareholder. OHG  recently announced  improved  terms of  its  shareholder
   facility agreement  on 26th  March 2024.  These enhancements  include  the
   option for an extension up to 31st December 2028, at the discretion of the
   Company.

    

   Jason Upton, CEO of One Heritage  Group PLC said: “The Board of  Directors
   extends its best wishes to Peter  Cheung and I, personally, want to  thank
   Peter for the pivotal part he has played in our IPO and in the early  days
   of being a listed Company. We are confident of a successful future for OHG
   under its enhanced senior management team and will update the market  when
   appropriate as we continue to seek and secure new talent.”

    

   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 that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BLF79495
   Category Code:  BOA
   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.:   314213
   EQS News ID:    1875361


    
   End of Announcement EQS News Service

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