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Pin to quick picksOneSavings Bank Regulatory News (OSB)

Share Price Information for OneSavings Bank (OSB)

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Share Price: 451.60
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Change: 22.60 (5.27%)
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OSB GROUP PLC Share Repurchase Programme

14 Mar 2024 07:05

OSB GROUP PLC Share Repurchase Programme

LEI: 213800ZBKL9BHSL2K459

OSB GROUP PLC

(the Company or OSB Group)

Share repurchase programme

OSB Group announces that, as outlined in the announcement of its 2023 Full Year Results on 14 March 2024, it intends to commence, on 15 March 2024, a share repurchase programme to return up to £50 million to shareholders (the Share Repurchase Programme). The Share Repurchase Programme will help to deliver on OSB Group’s stated intention to deliver attractive and sustainable returns to shareholders across the cycle.

OSB Group has entered into a non-discretionary agreement (the Agreement) with Jefferies International Limited (Jefferies) to undertake the Share Repurchase Programme on its behalf by making market purchases, as riskless principal, of OSB Group’s ordinary shares of one pence each (the Ordinary Shares) on the London Stock Exchange or another recognised investment exchange1. Jefferies shall make trading decisions under the Share Repurchase Programme independently of OSB Group, subject to certain parameters agreed between Jefferies and the Company prior to the commencement of the Share Repurchase Programme and to the Company’s right to terminate the Agreement in certain limited circumstances.

Ordinary Shares acquired by Jefferies under the Agreement will be sold on to OSB Group. It is the Company’s present intention for such repurchased Ordinary Shares to be cancelled. The purpose of the Share Repurchase Programme is therefore to reduce OSB Group's share capital. The maximum number of Ordinary Shares to be acquired under the Share Repurchase Programme is 43,024,375, as authorised by shareholders at the Company’s 2023 Annual General Meeting on 11 May 2023. The Share Repurchase Programme is expected to complete no later than 5 September 2024.

Any purchase of OSB Group Ordinary Shares contemplated by this announcement will be executed in accordance with OSB Group's general authority to repurchase Ordinary Shares granted by its shareholders at the 2023 Annual General Meeting on 11 May 2023, the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (both as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018), and Chapter 12 of the Financial Conduct Authority's Listing Rules.

Any repurchase of Ordinary Shares will be announced no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred.

1CBOE BXE; CBOE CXE and Aquis Exchange.

Enquiries:

OSB GROUP PLCAlastair PateGroup Head of Investor Relations t: 07714 181 864

Investor relations

Email: osbrelations@osb.co.uk t: 01634 838 973

Brunswick Robin Wrench/Simone Selzer t: 020 7404 5959

Notes to EditorsAbout 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.

Date   Source Headline
18th Mar 20243:46 pmGNWDirector/PDMR Shareholding
18th Mar 20247:00 amGNWTransaction in own shares
14th Mar 20247:05 amGNWOSB GROUP PLC Share Repurchase Programme
14th Mar 20247:00 amGNWOSB GROUP PLC Preliminary Results
16th Jan 20241:17 pmGNW£3 Billion Euro Medium Term Note Programme Publication of Final Terms – Series 2024-1
2nd Jan 20243:52 pmGNWTotal voting rights
29th Dec 20232:19 pmGNWDirector/PDMR Shareholding
19th Dec 202311:01 amGNWDirector/PDMR Shareholding
15th Dec 20233:00 pmGNWDirector/PDMR Shareholding
5th Dec 20234:05 pmGNWDirector/PDMR Shareholding
30th Nov 20234:30 pmGNWTotal voting rights
30th Nov 20231:26 pmGNWDirector/PDMR Shareholding
30th Nov 202312:00 pmGNWBlock listing Interim Review
21st Nov 20237:00 amGNWTransaction in own shares
20th Nov 20234:15 pmGNWDirector/PDMR Shareholding
20th Nov 20237:00 amGNWTransaction in own shares
10th Nov 20237:00 amGNWTransaction in own shares
9th Nov 20237:00 amGNWTransaction in own shares
3rd Nov 202310:27 amGNWDirector/PDMR Shareholding
2nd Nov 20237:10 amGNWTransaction in own shares
2nd Nov 20237:02 amGNWOSB GROUP PLC - Directorate change
2nd Nov 20237:00 amGNWOSB GROUP PLC – Q3 Trading Update
1st Nov 20239:57 amGNWTotal voting rights
30th Oct 20237:00 amGNWTransaction in own shares
26th Oct 20237:00 amGNWTransaction in own shares
23rd Oct 20237:00 amGNWTransaction in own shares
13th Oct 20237:00 amGNWTransaction in own shares
4th Oct 20235:16 pmGNWCorrection: Total Voting Rights
4th Oct 20237:00 amGNWTransaction in Own Shares
2nd Oct 20237:00 amGNWTotal voting rights
29th Sep 20234:32 pmGNWDirector/PDMR Shareholding
27th Sep 20237:00 amGNWTransaction in own shares
20th Sep 20234:32 pmGNWDirector/PDMR Shareholding
19th Sep 20238:28 amGNWHolding(s) in Company
19th Sep 20237:00 amGNWTransaction in own shares
14th Sep 20237:00 amGNWTransaction in own shares
13th Sep 202312:27 pmGNWDirector/PDMR Shareholding
7th Sep 202312:16 pmGNW£3 BILLION EURO MEDIUM TERM NOTE PROGRAMME PUBLICATION OF FINAL TERMS – SERIES 2023-2
7th Sep 20237:00 amGNWTransaction in own shares
6th Sep 202312:02 pmGNWHolding(s) in Company
4th Sep 20237:00 amGNWTransaction in Own Shares
1st Sep 202312:35 pmGNWTotal voting rights
31st Aug 20237:00 amGNWTransaction in own shares
25th Aug 20234:07 pmGNWHolding(s) in Company
25th Aug 20237:00 amGNWTransaction in Own Shares
24th Aug 20237:00 amGNWTransaction in own shares
23rd Aug 20234:51 pmGNWSupplementary prospectus to £3,000,000,000 Euro Medium Term Note Programme
23rd Aug 20237:00 amGNWTransaction in own shares
22nd Aug 20233:31 pmGNWDirector/PDMR Shareholding
22nd Aug 20237:00 amGNWTransaction in own shares

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