OSB GROUP PLC Director/Pdmr Shareholding
April 12 2021 - 12:15PM
UK Regulatory
TIDMOSB
OSB GROUP PLC
(the Company)
Notification of Transactions of a Person Discharging Managerial
Responsibilities (PDMR)
The Company notifies a change in the interests of Alan Cleary, a PDMR,
in the ordinary shares of GBP0.01 each of the Company, following a
disposal at a price of GBP4.783779.
The following disclosure is made in accordance with Article 19 of the UK
Market Abuse Regulation.
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Alan Cleary
2 - Reason for the notification
Position/status Group Managing Director, Mortgages
Initial notification/amendment Initial Notification
3 - Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
Full name of the entity OSB GROUP PLC
Legal Entity Identifier 213800ZBKL9BHSL2K459
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
----------- --------------- ---------------- -------------- --------------------------
12 April Ordinary shares GB00BLDRH360 London Stock GBP --
2021 of GBP0.01 Exchange, British
each Main Market Pound
(XLON)
----------- --------------- ---------------- -------------- --------------------------
Nature of Transaction: Price Volume Total
Disposal
---------------------------- -------------- -------------- ----------- ---------------
GBP4.783779 1,000,000 GBP4,783,779.00
----------- --------------- -------------- -------------- ----------- ---------------
Aggregated GBP4.783779 1,000,000 GBP4,783,779.00
----------- --------------- -------------- -------------- ----------- ---------------
Enquiries:
OSB GROUP PLC
Nickesha Graham-Burrell, t: 01634 835 796
Group Head of Company Secretariat
Investor relations
Email:
https://www.globenewswire.com/Tracker?data=ocsV9Xg4JIxaBtijy2JR5WRCe0NWjC5LRgI3u7tu1ELIjtXPOHzXU3K4fNvgOSF5ffc3asWC5mzKkjxb2kJX5T5hNW5X1kFpYLoZhuli5C4=
osbrelations@osb.co.uk
t: 01634 838973
Brunswick
Robin Wrench / Simone Selzer t: 020 7404 5959
Notes to Editors
About OSB GROUP PLC
OSB began trading as a bank on 1 February 2011 and was admitted to the
main market of the London Stock Exchange in June 2014 (OSB.L). OSB
joined the FTSE 250 index in June 2015. On 4 October 2019, OSB acquired
Charter Court Financial Services Group plc (CCFS) and its subsidiary
businesses. On 30 November 2020, OSB GROUP PLC became the listed entity
and holding company for the OSB Group. The Group provides specialist
lending and retail savings and is authorised by the Prudential
Regulation Authority, part of the Bank of England, and regulated by the
Financial Conduct Authority and Prudential Regulation Authority. The
Group reports under two segments, OneSavings Bank and Charter Court
Financial Services.
OneSavings Bank
OneSavings Bank primarily targets market sub-sectors that offer high
growth potential and attractive risk-adjusted returns in which it can
take a leading position and where it has established expertise,
platforms and capabilities. These include private rented sector
Buy-to-Let, commercial and semi-commercial mortgages, residential
development finance, bespoke and specialist residential lending, secured
funding lines and asset finance.
OSB originates mortgages organically via specialist brokers and
independent financial advisers through its specialist brands including
Kent Reliance for Intermediaries and InterBay Commercial. It is
differentiated through its use of highly skilled, bespoke underwriting
and efficient operating model.
OSB is predominantly funded by retail savings originated through the
long-established Kent Reliance name, which includes online and postal
channels as well as a network of branches in the South East of England.
Diversification of funding is currently provided by securitisation
programmes and the Bank of England funding schemes including, the Term
Funding Scheme and the Term Funding Scheme for SMEs.
Charter Court Financial Services Group
CCFS focuses on providing Buy-to-Let and specialist residential
mortgages, mortgage servicing, administration and retail savings
products. It operates through its brands -- Precise Mortgages and
Charter Savings Bank.
It is differentiated through risk management expertise and best-of-breed
automated technology and systems, ensuring efficient processing, strong
credit and collateral risk control and speed of product development and
innovation. These factors have enabled strong balance sheet growth
whilst maintaining high credit quality mortgage assets.
CCFS is predominantly funded by retail savings originated through its
Charter Savings Bank brand. Diversification of funding is currently
provided by securitisation programmes and the Bank of England funding
schemes including, the Term Funding Scheme and the Term Funding Scheme
for SMEs.
(END) Dow Jones Newswires
April 12, 2021 13:15 ET (17:15 GMT)
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