Zentra Group Signs New Agreement with Major Shareholder

Zentra Group PLC, a residential developer based in Manchester, has announced a new Relationship Agreement with its majority shareholder, One Heritage Property Development Limited (OHPD). This follows Zentra's recent transition from the London Stock Exchange to the Aquis Stock Exchange in December 2024.

The agreement formalizes the independence of Zentra from OHPD, reinforcing commitments to transparency and shareholder value. OHPD holds 65.15% of Zentra’s shares and supports it with a £7 million loan facility. All interactions between Zentra and OHPD will be conducted at arm's length.

Key terms include the presence of at least two Independent Directors on Zentra’s Board, with voting restrictions on OHPD’s Nominated Director for specified matters. This emphasizes strong governance and independence.