OSB Group Sets the Stage for Block Listing of Shares

Block Listing Announcement by OSB Group PLC

LEI: 213800ZBKL9BHSL2K459

OSB GROUP PLC is taking an exciting step forward as it submits a block listing application to the Financial Conduct Authority. This application seeks to include a total of 3,069,000 Ordinary Shares, each valued at £0.01, into the Official List managed by the Financial Conduct Authority. Additionally, these shares will be presented for trading on the London Stock Exchange. This move aims to enhance market presence and improve liquidity for shareholders.

Details of the Block Listing

This block listing is significant as it represents OSB Group's commitment to growth and transparency within the market. The newly applied shares are set to rank equally with the company's currently issued shares, creating a uniform structure across all shareholder holdings. Admission of these shares is on track for a date near mid-March 2025, marking a future milestone in the company's journey.

How Shares Will Be Allocated

The allocation of these shares will occur at various intervals following the execution of options under the Sharesave Scheme, which accounts for 844,000 shares. Furthermore, vestings will occur under both the Deferred Share Bonus Plan, comprising 625,000 shares, and the Performance Share Plan, which includes 1,600,000 shares. This structured allocation process ensures that both employees and shareholders benefit strategically from the company’s growth.

Investor and Media Inquiries

OSB Group has established a dedicated team for any inquiries related to this announcement. Dionne Mortley-Forde serves as the Group Head of Governance and Secretariat, available for queries at 01634 835 796. Additionally, Alastair Pate is the Group Head of Investor Relations, reachable at 01634 838 973 or via email at osbrelations@osb.co.uk. For media-related inquiries, allowing broader communication, Robin Wrench and Simone Selzer can be contacted at 020 7404 5959.

Understanding OSB Group's Background

OSB Group PLC initially stepped into the banking sector on 1 February 2011, illustrating its robust capabilities in managing financial services. The company expanded its horizons by entering the main market of the London Stock Exchange in June 2014, enhancing its visibility. By June 2015, OSB had secured a place within the FTSE 250 index, demonstrating its growth and portfolio strength.

Mergers and Acquisitions

A significant event in OSB's recent history includes the acquisition of Charter Court Financial Services Group plc on 4 October 2019. This strategic acquisition added considerable value to the company’s operations and competitiveness. Subsequently, on 30 November 2020, OSB GROUP PLC transitioned to being the primary holding entity for its diverse financial services, showing a comprehensive organizational structure.

Services Offered by OSB Group

OSB Group specializes in both lending and retail savings. A key part of its operations includes being authorized by the Prudential Regulation Authority, which is part of the Bank of England. The group adheres to regulations from both the Financial Conduct Authority and Prudential Regulation Authority, ensuring a high standard of service and compliance. The company is structured into two primary segments: OneSavings Bank and Charter Court Financial Services, addressing varied client needs.

Frequently Asked Questions

What is a block listing?

A block listing is an application for a set number of shares to be admitted to trading, allowing a company to issue shares as needed, providing more flexibility.

How many shares are included in OSB Group's application?

The application involves a total of 3,069,000 Ordinary Shares of £0.01 each.

When is the expected admission date for the shares?

Admission is anticipated around mid-March 2025.

Who can investors contact for more information?

Investors can reach out to Dionne Mortley-Forde or Alastair Pate for inquiries related to this announcement.

What are the main segments of OSB Group?

The main segments of OSB Group are OneSavings Bank and Charter Court Financial Services, providing a diverse range of financial products.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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