OneSavings Bank Regulatory News (OSB)

24 Mar 2022 17:28

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 £0.01 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 23 March 2022 at a price of £5.5833 per Share being the average closing price of the Shares over the three Dealing Days 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 cannot be sold for at least three years after grant and awards to other PDMRs cannot be sold for at least one year 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.

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

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

1 - Details of the person discharging managerial responsibilities / person closely associated

2 - Reason for the notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

4 - Details of the transaction(s)

Transaction(s) summary table

Enquiries:

OSB GROUP PLC

Nickesha Graham-Burrell, t: 01634 835 796

Group Head of Company Secretariat

Investor relations

Email: 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 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.