DJ Zentra Group plc: New Relationship Agreement Signed with Majority Shareholder
Zentra Group plc (ZNT)
Zentra Group plc: New Relationship Agreement Signed with Majority Shareholder
08-Jan-2025 / 14:30 GMT/BST
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08 January 2025
ZENTRA GROUP PLC
("Zentra", "the Company" or "the Group" or "ZNT")
New Relationship Agreement Signed with Majority Shareholder
Zentra Group PLC ("Zentra" or the "Company"), the Manchester based residential developer and development manager, is
pleased to announce the signing of a new Relationship Agreement with its majority shareholder, One Heritage Property
Development Limited ("OHPD"), following the Company's transition from the London Stock Exchange to the Aquis Stock
Exchange in December 2024.
This agreement formalises the relationship between Zentra and OHPD to ensure that the Company continues to operate
independently of its majority shareholder. The agreement also reinforces Zentra's commitment to transparency,
accountability and shareholder value.
OHPD holds 65.15% of Zentra's issued share capital and provides support through a connected company with a GBP7 million
loan facility. The Relationship Agreement ensures that all transactions and arrangements between Zentra and OHPD will
continue to be conducted at arm's length and on normal commercial terms.
Key terms of the Relationship Agreement include:
-- Zentra's Board will include at least two Independent Directors, one of whom will serve as Chair.
-- OHPD's Nominated Director will not vote on certain matters outlined in the agreement.
-- The quorum for board decisions on specific reserved matters will require at least two Independent
Directors.
The Relationship Agreement underscores Zentra's ongoing focus on robust governance practices and maintaining its
independence while fostering a constructive and transparent relationship with OHPD.
The full terms of the Relationship Agreement, including the Schedule of Matters Reserved for the Board, are available
on Zentra's website at www.zentragroup.co.uk
Contacts
Zentra Group plc
Jason Upton
Chief Executive Officer
Email: jason.upton@zentragroup.co.uk
Robert Holbrook
Head of Finance
Email: robert.holbrook@zentragroup.co.uk
Hybridan LLP (Financial Adviser and Broker)
Claire Louise Noyce
Email: claire.noyce@hybridan.com
Tel: +44 (0)203 764 2341
About Zentra Group plc
Zentra Group 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. The Company is currently listed on the
Access Segment of the Aquis Stock Exchange Growth Market, trading under the ticker ZNT.
For further information, please visit the Company's website at www.zentragroup.co.uk The previous website
www.oneheritageplc.com will automatically redirect to the new website.
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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: AGR
TIDM: ZNT
LEI Code: 2138008ZZUCCE4UZHY23
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 369393
EQS News ID: 2063125
End of Announcement EQS News Service
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January 08, 2025 09:30 ET (14:30 GMT)
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