on One Heritage Group Plc (isin : GB00BLF79495)
Zentra Group Completes Key Transactions Ahead of Market Relisting
Zentra Group PLC, formerly One Heritage Group PLC, has finalized significant property transactions, marking a pivotal step in its strategic transformation. These actions were delineated in the company's previous update on October 2, 2024.
The accomplishments include a strategic £3 million investment for a 30% stake in Manchester's One Victoria project. Additionally, Zentra sold residential and commercial properties for £7 million to OH UK Holdings Limited, part of One Heritage Development Limited, with £2 million of debt, reducing net proceeds to £5 million. These proceeds will address existing shareholder loans.
The company secured a new £7 million loan at a reduced interest rate of 6%, replacing the previous facility. The balance of the existing loan was written off, indicating shareholder commitment.
Zentra's London Stock Exchange listing will transition to the AQSE Growth Market on December 11, 2024, under the ZNT ticker, continuing its strategic development.
R. P.
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