OSB GROUP PLC Publication Of 2022 Annual Report And Accounts And 2023 Notice Of Annual General Meeting
March 31 2023 - 7:32AM
UK Regulatory
TIDMOSB
LEI: 213800ZBKL9BHSL2K459
OSB GROUP PLC
(the Company)
2022 Annual Report and Accounts and 2023 Notice of Annual
General Meeting
The Annual Report and Accounts for the year ended 31 December
2022 and the 2023 Notice of Annual General Meeting (AGM) 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://data.fca.org.uk/#/nsm/nationalstoragemechanism
Hard copies of these documents have been mailed to
shareholders.
The AGM will be held at 90 Whitfield Street, Fitzrovia, London
W1T 4EZ on Thursday, 11 May 2023 at 11 am.
Should it become appropriate to revise the current arrangements
for the AGM, any such changes will be notified to shareholders
through our website (www.osb.co.uk) and, where appropriate, by
announcement made by the Company to a Regulatory Information
Service.
Enquiries:
OSB GROUP PLC
Nickesha Graham-Burrell
Group Head of Company Secretariat
t: 01634 835 796
Investor relations
Email: osbrelations@osb.co.uk
https://www.globenewswire.com/Tracker?data=poxC46ItCZaskCTTg-7Pf2e8QA3h_Zxxo7lp4cHFtd1SfGEMdEperxIOHyn1VsE-bjHJZJBnKiu4xfbzaKhUM5gjpsjlTaR9u2A_UoFeNH0=
t: 01634 838 973
Brunswick
t: 020 7404 5959
Robin Wrench / Simone Selzer
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 semicommercial 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.
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's Term Funding
Scheme with additional incentives 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
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March 31, 2023 07:32 ET (11:32 GMT)
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