OSB GROUP PLC Block Listing

 
TIDMOSB 
 
 
   LEI: 213800ZBKL9BHSL2K459 
 
   OSB GROUP PLC 
 
   (the Company) 
 
   Block Listing 
 
   A block listing application has been made to the Financial Conduct 
Authority for a total of 2,409,948 Ordinary Shares of GBP3.04 each (the 
Shares) of the Company to be admitted to the Official List of the 
Financial Conduct Authority. An application has also been made to the 
London Stock Exchange for the Shares to be admitted to trading.  The 
Shares shall rank equally with the existing issued Shares of the 
Company. Admission is expected on or around 3 December 2020. The Shares 
will be allotted from time to time following the exercise of options 
pursuant to the Company's Sharesave Scheme (300,000); and vestings under 
the Deferred Share Bonus Plan (1,256,435) and Performance Share Plan 
(853,513). 
 
   Enquiries: 
 
   OSB GROUP PLC 
 
   Nickesha Graham-Burrell                   t: 01634 835 796 
 
   Group Head of Company Secretariat 
 
   Brunswick Group 
 
   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 02, 2020 08:00 ET (13:00 GMT)
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