Harworth Group PLC (HWG), the UK land regeneration and property business, has been the subject of a major holdings notification filed on 28 October 2026 by Christopher Eves and Sheila Greenwood as trustees of the Billown 1997 Settlement. The TR-1 disclosure reveals that the trustees now hold 97.15% of voting rights in Harworth, representing 317,675,843 shares, up from a previously notified position of 76.18%. The increase follows share acquisitions by Peel Pepper (UK) Limited, an entity ultimately controlled by the trustees, after the related takeover offer became unconditional on 29 September 2026.

Key Points

  • Harworth Group PLC (HWG) — UK-listed land regeneration and property developer
  • Billown 1997 Settlement trustees now hold 97.15% of voting rights in Harworth, up from 76.18% previously notified
  • Threshold crossed on 21 October 2026; total voting rights calculated using 327,009,371 shares per Harworth's 13 October 2026 disclosure
  • Investors should watch for any compulsory acquisition process or delisting developments given the 97.15% combined holding

Billown 1997 Settlement Trustees Cross 97% Voting Rights Threshold on 21 October 2026

The notification, completed in the Isle of Man, states that the threshold was crossed on 21 October 2026 and reported to Harworth seven days later. The combined 97.15% position is held entirely through shares carrying direct voting rights, with no financial instruments involved. The percentage was calculated against a total of 327,009,371 voting rights in Harworth, as disclosed by the company in its Total Voting Rights announcement dated 13 October 2026. The trustees are registered in Port Erin, Isle of Man, and act as ultimate controlling persons across multiple chains of subsidiaries.

Peel Pepper (UK) Limited and Goodweather Holdings Limited Hold Shares Through Separate Chains

The announcement details two primary shareholding chains. Peel Pepper (UK) Limited, registered in Manchester, holds 67.83% of voting rights through a chain running from the trustees via Tokenhouse Limited, Peel Holdings Group Limited, and several Isle of Man intermediate entities. Goodweather Holdings Limited, also ultimately controlled by the trustees, holds a further 29.32%. The announcement confirms that Goodweather Holdings Limited has not acquired or disposed of any shares since its previous TR-1 notification published on 12 February 2026, meaning the increase in the combined position stems entirely from Peel Pepper (UK) Limited's activity.

Takeover Offer Unconditional Since 29 September 2026, With 22.3 Million Acceptance Shares Pending Settlement

The disclosure states that the offer made by Peel Pepper (UK) Limited became unconditional on 29 September 2026. The total of 317,675,843 shares includes 22,348,378 shares for which valid acceptances of the offer have been received. The announcement notes that Peel Pepper (UK) Limited may exercise voting rights attached to those acceptance shares under authority granted in the Form of Acceptance Offer Document, pending formal settlement and registration. This means the effective economic and voting control is materially consolidated even ahead of the final registration of those shares.

Harworth Group's Land Regeneration Focus Under Majority Peel-Linked Ownership

Harworth Group is a UK property regeneration business focused on transforming former industrial land across the North of England and the Midlands into employment and residential sites. With the Billown 1997 Settlement trustees now controlling 97.15% of voting rights through the Peel-linked structure, investors holding the remaining free float may be watching for any subsequent compulsory acquisition steps or announcements regarding the company's listed status. The announcement itself does not address future intentions beyond confirming the current voting rights position.