ONESAVINGS BANK PLC Documents Available At The Ukla
March 31 2020 - 11:30AM
UK Regulatory
TIDMOSB
LEI: 213800WTQKOQI8ELD692
OneSavings Bank plc
(the Company)
2019 Annual Report and Accounts and Notice of Annual General Meeting
The Annual Report and Accounts for the year ended 31 December 2019 and
the Notice of Annual General Meeting of the Company and Form of Proxy
have today been submitted for inspection at the UKLA's document viewing
facility via the National Storage Mechanism at:
https://www.globenewswire.com/Tracker?data=iYmnuNTrcclERDOEE669I6iY9Vt-bHvaeKRdgtsNk0CDXn_pvhKwIDarwct9VjgtxIV0xGAbyVdKLUAneUwM2R_K_pz_Tj1ICxK8wztdna2PG7nxLb028UljBr4VMyLc
http://www.morningstar.co.uk/uk/NSM
Hard copies of these documents have been mailed to shareholders.
The 2020 Annual General Meeting of the Company will be held at 90
Whitfield Street, Fitzrovia, London W1T 4EZ on Thursday, 7 May 2020 at
11 am. Full details of the proposed resolutions are set out in the
Notice of Annual General Meeting.
As a result of the current outbreak of Coronavirus (COVID-19), and in
line with the latest restrictions on public gatherings imposed by the UK
Government, the Company wishes to notify shareholders that attendance at
the AGM in person will not be possible.
Enquiries:
OneSavings Bank plc
Nickesha Graham-Burrell
Head of Company Secretariat
t: 01634 835 796
Brunswick
t: 020 7404 5959
Robin Wrench / Simone Selzer
Notes to Editors
About OneSavings Bank plc
OneSavings Bank 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. 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.
OneSavings Bank
OSB 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, InterBay Commercial and Prestige
Finance. 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, the Term Funding Scheme and the Bank of England Indexed
Long-Term Repo operation.
Charter Court Financial Services Group
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 and the
Bank of England Indexed Long-Term Repo operation.
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March 31, 2020 11:30 ET (15:30 GMT)
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