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One Heritage Group PLC - Manchester-based residential property developer in north-west England - Raises £1.3 million by issuing 6.3 million shares at 20.0 pence each. Adds that Vanessa Martin, who is connected to Chief Executive Officer Jason Upton, is interested in buying 1.1 million shares, which represent 3.4% of the company's total voting rights. The newly issued shared represent about 19% of the pre-issuance share capital of the firm.
The money raised is ‘expected to be used for future acquisitions,’ One Heritage explains.
Current stock price: 11.00 pence
12-month change: down 81%
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