TIDMOSB
OSB GROUP PLC
(the Company)
Notification of Transactions of Persons Discharging Managerial
Responsibilities (PDMRs)
The Company notifies the following changes in the interests in the
ordinary shares of GBP0.01 each (Shares) of the Company of the Executive
Directors and other PDMRs arising from awards granted under the Deferred
Share Bonus Plan (DSBP) and Performance Share Plan (PSP) on 15 April
2021 at a price of GBP4.9420 per Share being the closing price of the
Shares on the dealing day prior to the date of grant.
The purpose of the DSBP is to facilitate the deferral of part of a
participant's annual bonus into Shares. Awards to Executive Directors
will normally be subject to a holding period of three years after grant
and awards to other PDMRs will normally be subject to a one year holding
period after grant. DSBP awards will not be subject to performance
conditions.
The PSP awards are based on a mixture of internal financial performance
targets, relative total shareholder return and a non-financial risk
metric. The performance targets will be measured over three financial
years with vesting in five equal tranches between three and seven years
following grant. Clawback and malus provisions apply to these Awards.
Name Number of Shares acquired
---------------- -----------------------------
Executive Directors
-----------------------------------------------
DSBP PSP TOTAL
---------------- -------- --------- --------
Andrew Golding 33,709 181,404 215,113
---------------- -------- --------- --------
April Talintyre 22,932 113,517 136,449
---------------- -------- --------- --------
Other PDMRs
-----------------------------------------------
Jens Bech 11,295 63,890 75,185
---------------- -------- --------- --------
Alan Cleary 16,587 82,109 98,696
---------------- -------- --------- --------
Peter Elcock 18,088 80,144 98,232
---------------- -------- --------- --------
Jason Elphick 10,244 50,711 60,955
---------------- -------- --------- --------
John Gaunt 16,495 41,588 58,083
---------------- -------- --------- --------
Hasan Kazmi 14,124 54,273 68,397
---------------- -------- --------- --------
Clive Kornitzer 13,979 69,201 83,180
---------------- -------- --------- --------
Lisa Odendaal 11,261 44,331 55,592
---------------- -------- --------- --------
Paul Whitlock 9,573 41,275 50,848
---------------- -------- --------- --------
Richard Wilson 8,662 44,065 52,727
---------------- -------- --------- --------
The following disclosures are 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 Andrew Golding
2 - Reason for the notification
Position/status Chief Executive Officer
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
------------ ----------- ---------------- ------------------- -------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
------------ ----------- ---------------- ------------------- -------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------- -------------- ----------- -------- -------------------
GBP4.9420 215,113 GBP1,063,088.45
------------ ----------- -------------- ----------- -------- -------------------
Aggregated GBP4.9420 215,113 GBP1,063,088.45
------------ ----------- -------------- ----------- -------- -------------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person April Talintyre
2 - Reason for the notification
Position/status Chief Financial Officer
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 Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ----------------------- ------------------
15 April Ordinary GB00BLDRH360 Outside a trading GBP -- British
2021 shares of venue Pound
GBP0.01
each
------------ ----------- ---------------- ----------------------- ------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------- -------------- ----------- ---------- --------------------
GBP4.9420 136,449 GBP674,330.96
------------ ----------- -------------- ----------- ---------- --------------------
Aggregated GBP4.9420 136,449 GBP674,330.96
------------ ----------- -------------- ----------- ---------- --------------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Jens Bech
2 - Reason for the notification
Position/status Group Commercial Director
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 75,185 GBP371,564.27
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 75,185 GBP371,564.27
----------- ----------- -------------- ---------------- -------- -------------
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
-------------- ----------- ---------------- ------------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a trading GBP -- British
2021 shares of venue Pound
GBP0.01
each
-------------- ----------- ---------------- ------------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
--------------------------- -------------- ------------------- -------- -------------
GBP4.9420 98,696 GBP487,755.63
-------------- ----------- -------------- ------------------- -------- -------------
Aggregated GBP4.9420 98,696 GBP487,755.63
-------------- ----------- -------------- ------------------- -------- -------------
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 Transaction Financial Identification Place of Currency
Instrument Code Transaction
15 April 2021 Ordinary GB00BLDRH360 Outside a GBP -- British Pound
shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Grant of Awards
GBP4.9420 98,232 GBP485,462.54
Aggregated GBP4.9420 98,232 GBP485,462.54
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Jason Elphick
2 - Reason for the notification
Position/status Group General Counsel and Company
Secretary
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 60,955 GBP301,239.61
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 60,955 GBP301,239.61
----------- ----------- -------------- ---------------- -------- -------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person John Gaunt
2 - Reason for the notification
Position/status Group Chief Information Officer
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 58,083 GBP287,046.19
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 58,083 GBP287,046.19
----------- ----------- -------------- ---------------- -------- -------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Hasan Kazmi
2 - Reason for the notification
Position/status Chief Risk Officer, OSB
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 68,397 GBP338,017.97
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 68,397 GBP338,017.97
----------- ----------- -------------- ---------------- -------- -------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Clive Kornitzer
2 - Reason for the notification
Position/status Group Chief Operating Officer
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 83,180 GBP411,075.56
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 83,180 GBP411,075.56
----------- ----------- -------------- ---------------- -------- -------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Lisa Odendaal
2 - Reason for the notification
Position/status Group Chief Internal Auditor
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares trading venue Pound
of GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 55,592 GBP274,735.66
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 55,592 GBP274,735.66
----------- ----------- -------------- ---------------- -------- -------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Paul Whitlock
2 - Reason for the notification
Position/status Group Managing Director, Savings
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
15 April Ordinary GB00BLDRH360 Outside a GBP -- British Pound
2021 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Grant of Awards
GBP4.9420 50,848 GBP251,290.82
Aggregated GBP4.9420 50,848 GBP251,290.82
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Richard Wilson
2 - Reason for the notification
Position/status Group Chief Credit Officer
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
----------- ----------- ---------------- ---------------- ---------------------
15 April Ordinary GB00BLDRH360 Outside a GBP -- British
2021 shares of trading venue Pound
GBP0.01
each
----------- ----------- ---------------- ---------------- ---------------------
Nature of Transaction: Price Volume Total
Grant of Awards
------------------------ -------------- ---------------- -------- -------------
GBP4.9420 52,727 GBP260,576.83
----------- ----------- -------------- ---------------- -------- -------------
Aggregated GBP4.9420 52,727 GBP260,576.83
----------- ----------- -------------- ---------------- -------- -------------
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=UFvyJmSGZ2PXeB7_oCc8J5Pydyu83Bc4s7ANDQeuBjqkOh-6NfSF2hOLK-onk8MvNXBZ3iPI2JKi5MSqwtudHfUgyT3GnG_zJteAA9sQBIo=
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
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 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 16, 2021 12:12 ET (16:12 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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