Zentra Group PLC - Manchester, England-based residential developer focused on the north of England - Signs new relationship agreement with 65.15% majority shareholder, One Heritage Property Development Ltd. Says the agreement formalises the relationship to ensure it is operating independently of OHPD and reinforces Zentra’s commitment to ‘transparency, accountability and shareholder value’. Says that its board will get at least two independent directors, with one as Chair, following the agreement. Other key terms include OHPD’S nominated director not voting on certain matters and at least two independent directors required for board decisions on specific reserved matters.
Current stock price: 4.00 pence, closed flat on Tuesday afternoon on London’s Aquis exchange
12-month change: down 71%
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