OSB Group PLC Announces Director Shareholdings Update

Overview of OSB Group PLC's Recent Director Transactions

LEI: 213800ZBKL9BHSL2K459

OSB GROUP PLC (the Company) is pleased to announce important updates regarding its directors and Persons Discharging Managerial Responsibilities (PDMRs) concerning their shareholdings. This communication follows the recent vesting of awards under the 2022 Deferred Share Bonus Plan (DSBP) and the 2022 Performance Share Plan (PSP).

Details of Share Awards and Transactions

The PDMRs have seen modifications in their respective shareholdings as a consequence of several shares that were vested from the Company’s performance-driven compensation plans. Notably, on March 23, shares were awarded at the price of £5.5833 based on three dealing days leading up to the grant. Moreover, 34.27% of the PSP awards vested, allowing the PDMRs to capitalize on a substantial amount of shares while addressing their associated tax responsibilities.

Vested Shares Breakdown

Executive Director Andy Golding has vested a total of 54,170 DSBP shares along with 11,445 PSP shares. However, there were also 21,953 PSP shares forfeited among his other transactions to manage tax obligations.

Additional PDMR Transactions

Other notable participants in the shareholding modifications include Jens Bech, who retained significant shares while managing some tax liabilities. For example, Bech realized tax obligations with 2,468 shares sold from a total of shares vested. Similar actions were executed by several other PDMRs to uphold accountability while transitioning their stock interests.

Aggregate Information on Share Transactions

The following table highlights the aggregate details of share transactions for key executives for clarity:

• Andy Golding: Vested 54,170 shares, sold 30,949 for tax liabilities.
• Jens Bech: Vested 1,232 shares, managed to dispose of 2,468 due to tax responsibilities.
• Jason Elphick: Acquired 3,682 from vesting but sold 1,737 shares for tax compliance.
• Jon Hall: Engaged in transactions that included 3,989 shares vested and tax-induced sales.
• Other Executives: Similarly managed share transactions to account for tax and retention balances.

Understanding the Impact of Share Transactions

The executed transactions are not merely procedural but indicate the Company’s aim to align performance incentives for its leaders with the performance of the Company over time. This strategic approach ensures that the executive leadership bears serious consideration of the Company’s stock performance while fulfilling their fiduciary duties.

Leadership Contacts

For more details, stakeholders can reach out to:

Dionne Mortley-Forde, Group Head of Governance & Secretariat, at 01634 848 944.

Alastair Pate, Group Head of Investor Relations, can be contacted at 01634 838973, or via email at osbrelations@osb.co.uk.

About OSB Group PLC

OSB Group PLC commenced its journey as a bank on February 1, 2011, gaining admission to the London Stock Exchange in June 2014 and subsequently becoming part of the FTSE 250 index in 2015. The acquisition of Charter Court Financial Services in 2019 marked a significant milestone in OSB's growth. The group now operates with enhanced capabilities in retail savings and specialist lending and is fully regulated by the Prudential Regulation Authority as well as the Financial Conduct Authority.

Frequently Asked Questions

What is OSB Group PLC?

OSB Group PLC is a banking entity operating in specialist lending and retail savings, listed on the London Stock Exchange.

Who are the PDMRs mentioned in the announcement?

PDMRs are Persons Discharging Managerial Responsibilities, including CEOs and other senior executives who hold significant shares in the company.

What does vesting of stocks mean?

Vesting refers to the process through which an employee earns shares or stock options over time based on performance or tenure.

Why are executive shareholdings important?

Executive shareholdings align the interests of leadership with shareholders and ensure accountability for performance outcomes.

How can stakeholders contact OSB Group PLC?

Stakeholders can reach out to the Investor Relations team via phone or the email provided for any inquiries.

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