Important Shareholding Notification from OSB Group PLC
OSB Group PLC Shareholder Notification
LEI: 213800ZBKL9BHSL2K459
In a recent development within OSB Group PLC, the company announced that Jason Elphick, serving as the Group General Counsel and Company Secretary, sold 9,301 ordinary shares at a price of £4.571014 each. This transaction, conducted via a nominee account, highlights significant activities among persons discharging managerial responsibilities (PDMRs) within the organization, as prompted by the UK Market Abuse Regulation.
Details of the Shareholding Transaction
Significance of the Transaction
This notification pertains to compliance under Article 19 of the UK MAR, which requires transparency in transactions that could influence investment decisions. Shareholders and stakeholders are encouraged by this disclosure, reinforcing the company's commitment to maintain its integrity while managing its governance effectively.
About the Individual Involved
Jason Elphick has been pivotal in steering the company towards its current success. As the Group General Counsel, he is deeply involved in ensuring that OSB Group PLC adheres to all regulatory requirements, safeguarding shareholder interests.
Transaction Details
The transaction involved ordinary shares of £0.01 each, highlighting the dynamic trading environment at the London Stock Exchange. Below are the pertinent details of the share transaction:
- Description of Financial Instrument: Ordinary shares of £0.01 each
- Identification Code: GB00BLDRH360
- Nature of Transaction: Sale of shares via a nominee account
- Transaction Price: £4.571014
- Volume Sold: 9,301 shares
- Total Aggregate Price: £42,515.00
- Date of Transaction: 21 March 2025
- Place of Transaction: London Stock Exchange, Main Market
Company Overview of OSB Group PLC
Established as a bank on February 1, 2011, OSB Group PLC has made substantial strides since its journey began. It was listed on the main market of the London Stock Exchange in June 2014 and entered the FTSE 250 index in June 2015. A landmark expansion occurred when OSB acquired Charter Court Financial Services Group plc in October 2019, which integrated additional services into its operations. The company thrives under the guidance of the Prudential Regulation Authority and operates within the auspices of both the Financial Conduct Authority and the Prudential Regulation Authority.
Core Services Offered
The Group excels in offering specialist lending solutions and retail savings, effectively catering to a diverse clientele. It operates across two key segments: OneSavings Bank and Charter Court Financial Services, ensuring a wide-ranging service portfolio.
Contact Information
For further inquiries regarding this announcement or other corporate relations, please reach out to:
Dionne Mortley-Forde
Group Head of Governance & Secretariat
t: 01634 848 944
Investor Relations:
Alastair Pate
Group Head of Investor Relations
Email: osbrelations@osb.co.uk
t: 01634 838973
Notes to Editors:
The transparency surrounding managerial transactions such as this is crucial for maintaining trust with investors. By disclosing these details, OSB Group PLC not only adheres to regulations but also furthers its commitment to corporate governance excellence.
Frequently Asked Questions
What was the transaction amount in the recent notification?
The transaction involved the sale of 9,301 shares at a price of £4.571014 each, totaling £42,515.00.
Who is Jason Elphick?
Jason Elphick is the Group General Counsel and Company Secretary for OSB Group PLC, responsible for overseeing legal compliance and governance.
What does OSB Group PLC specialize in?
OSB Group PLC offers specialized lending solutions and retail savings, operating primarily through OneSavings Bank and Charter Court Financial Services.
Where does OSB Group PLC operate?
OSB Group PLC operates in the UK and is listed on the London Stock Exchange, where it provides its banking services.
How does OSB Group ensure regulatory compliance?
OSB Group is authorized by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority to ensure compliance.
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