Recent Changes in Shareholdings at OSB Group PLC
LEI: 213800ZBKL9BHSL2K459
OSB Group PLC has provided updates regarding the transactions involving individuals discharging managerial responsibilities (PDMRs). This notification encompasses modifications in share interests due to the vesting of awards under the 2020 Deferred Share Bonus Plan (DSBP) and the 2021 Performance Share Plan (PSP).
Details of Vesting and Transactions
The 2024 DSBP Recruitment Award was bestowed with a reference price of £3.7087—an average closing price of the shares across the three trading days leading to September 2, 2024. Meanwhile, the 2021 PSP was granted on a prior date for £4.9420.
PDMR Transactions Overview
The company's notification details specific management personnel and the total shares involved in their respective transactions. Below is a summary of the notable share transactions carried out by members of the management team:
Shareholder Details
Each individual has made important financial decisions affecting their shareholdings:
- Andy Golding: 0 shares vested from DSBP, 25,744 from PSP, with 12,143 sold for tax and 13,601 retained.
- Jens Bech: 0 shares vested from DSBP, 9,067 from PSP, selling 4,277 shares for tax liabilities and keeping 4,790.
- Jason Elphick: Vested shares of 7,196 from PSP, with 3,394 sold for tax and 3,802 maintained.
- Orlagh Hunt: Notably retained 1,033 shares while disposing of 928 shares for tax covering.
- Hasan Kazmi: Acquired 7,701 shares from PSP and sold 3,633 for tax purposes.
- Clive Kornitzer: A total of 9,820 shares were vested under PSP with 4,632 sold for tax and 5,188 shares retained in the corporate nominee.
- Lisa Odendaal: Raised 6,291 shares from PSP with 2,968 sold for tax obligations.
- Richard Wilson: 6,253 shares vested from PSP, selling 2,950 to cover tax liabilities.
Implications of the Share Transactions
The changes in these holdings reflect the company's ongoing strategy and the responses of its management to the evolving financial landscape. As the market continues to fluctuate, these decisions demonstrate a proactive approach to managing shareholdings and responsibilities.
Contact Information for Queries
Should you need any further insights regarding the transactions or the overall shareholding structure, please feel free to reach out to:
Dionne Mortley-Forde
Group Head of Governance & Secretariat
Phone: 01634 848 944
For investor relations inquiries:
Alastair Pate
Group Head of Investor Relations
Email: osbrelations@osb.co.uk
Phone: 01634 838973
An Overview of OSB Group PLC
OSB began its journey as a bank in February 2011 and has since made significant strides within the financial sector. It was listed on the main market of the London Stock Exchange in June 2014 and joined the FTSE 250 index shortly thereafter. Through strategic acquisitions, including Charter Court Financial Services Group in October 2019, OSB Group PLC is well-positioned as a leading financial entity.
Frequently Asked Questions
What is the significance of the PDMR transactions?
The PDMR transactions provide transparency about the management's shareholding changes and reflect their confidence in the company’s future prospects.
Why is the information about PDMRs important for investors?
Investors can gauge the commitment of management to the company based on their shareholdings, as it may indicate confidence in the company's performance.
How often are these transactions reported?
Such transactions must be reported in accordance with regulations on a timely basis whenever changes occur in managerial shareholdings.
Where can one find more details about OSB Group's structure?
Details can be accessed through their investor relations page or through official announcements on their website.
Who should be contacted for further information?
For detailed inquiries regarding shareholdings and PDMR updates, Dionne Mortley-Forde or Alastair Pate are the appropriate contacts.
