OSB GROUP PLC Director/Pdmr Shareholding

 
TIDMOSB 
 
 
   LEI: 213800ZBKL9BHSL2K459 
 
   OSB GROUP PLC 
 
   (the Company) 
 
   Notification of Transactions of a Person Discharging Managerial 
Responsibilities (PDMR) 
 
   The Company notifies a change in the interests of Peter Elcock, a PDMR, 
in the ordinary shares of GBP3.04 each of the Company, following a 
disposal at a price of GBP4.43. 
 
   The following disclosure is made in accordance with Article 19 of the EU 
Market Abuse Regulation 596/2014. 
 
   1 - Details of the person discharging managerial responsibilities / 
person closely associated 
 
 
 
 
Name of natural person  Peter Elcock 
 
 
   2 - Reason for the notification 
 
 
 
 
Position/status                 Chief Risk Officer, CCFS 
 
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 
  -----------  ---------------  ----------------  --------------  --------------------- 
  24 December  Ordinary shares  GB00BLDRH360      London Stock    GBP -- 
   2020         of GBP3.04                         Exchange,       British 
                each                               Main Market     Pound 
                                                   (XLON) 
  -----------  ---------------  ----------------  --------------  --------------------- 
  Nature of Transaction:                        Price           Volume    Total 
   Disposal 
  ----------------------------  --------------  --------------  --------  ------------- 
                                                GBP4.43         24,112    GBP106,816.16 
  -----------  ---------------  --------------  --------------  --------  ------------- 
                                Aggregated      GBP4.43         24,112    GBP106,816.16 
  -----------  ---------------  --------------  --------------  --------  ------------- 
 
 
 
   Enquiries: 
 
   OSB GROUP PLC 
 
   Nickesha Graham-Burrell, Group Head of Company Secretariat    t: 01634 
835 796 
 
   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. OSB is a specialist lending and 
retail savings Group 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. 
 
   OneSavings Bank 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. 
 
   OneSavings Bank 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, the Term Funding Scheme, Term Funding Scheme 
for SMEs and the Bank of England Indexed Long-Term Repo operation. 
 
   Charter Court Financial Services (CCFS) 
 
   CCFS focuses on providing Buy-to-Let and specialist residential 
mortgages, mortgage servicing, administration and credit consultancy and 
retail savings products. It operates through its three brands -- Precise 
Mortgages, Exact Mortgage Experts 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, the Term Funding Scheme, Term 
Funding Scheme for SMEs and the Bank of England Indexed Long-Term Repo 
operation. 
 
 
 
 

(END) Dow Jones Newswires

December 24, 2020 07:19 ET (12:19 GMT)

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