Director/PDMR Shareholding

OSB GROUP PLC
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)

The Company notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the Executive Directors and other PDMRs arising from awards granted under the Deferred Share Bonus Plan (DSBP) and Performance Share Plan (PSP) on 15 April 2021 at a price of £4.9420 per Share being the closing price of the Shares on the dealing day prior to the date of grant.

The purpose of the DSBP is to facilitate the deferral of part of a participant’s annual bonus into Shares.  Awards to Executive Directors will normally be subject to a holding period of three years after grant and awards to other PDMRs will normally be subject to a one year holding period after grant. DSBP awards will not be subject to performance conditions. 

The PSP awards are based on a mixture of internal financial performance targets, relative total shareholder return and a non-financial risk metric. The performance targets will be measured over three financial years with vesting in five equal tranches between three and seven years following grant. Clawback and malus provisions apply to these Awards.

Name	Number of Shares acquired
Executive Directors
	DSBP	PSP	TOTAL
Andrew Golding	33,709	181,404	215,113
April Talintyre	22,932	113,517	136,449
Other PDMRs
Jens Bech	11,295	63,890	75,185
Alan Cleary	16,587	82,109	98,696
Peter Elcock	18,088	80,144	98,232
Jason Elphick	10,244	50,711	60,955
John Gaunt	16,495	41,588	58,083
Hasan Kazmi	14,124	54,273	68,397
Clive Kornitzer	13,979	69,201	83,180
Lisa Odendaal	11,261	44,331	55,592
Paul Whitlock	9,573	41,275	50,848
Richard Wilson	8,662	44,065	52,727

The following disclosures are made in accordance with Article 19 of the UK Market Abuse Regulation.

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Andrew Golding

2 - Reason for the notification

Position/status	Chief Executive Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table  

		Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
		15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
		Nature of Transaction:   Grant of Awards			Price		Volume	Total
					£4.9420		215,113	£1,063,088.45
				Aggregated	£4.9420		215,113	£1,063,088.45

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	April Talintyre

2 - Reason for the notification

Position/status	Chief Financial Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table
  

		Date of Transaction	Financial Instrument	Identification Code		Place of Transaction			Currency
		15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue			GBP – British Pound
		Nature of Transaction:   Grant of Awards			Price		Volume	Total
					£4.9420		136,449	£674,330.96
				Aggregated	£4.9420		136,449	£674,330.96

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Jens Bech

2 - Reason for the notification

Position/status	Group Commercial Director
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table
  

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		75,185		£371,564.27
			Aggregated	£4.9420		75,185		£371,564.27

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Alan Cleary

2 - Reason for the notification

Position/status	Group Managing Director, Mortgages
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
Nature of Transaction:   Grant of Awards			Price		Volume		Total
			£4.9420		98,696		£487,755.63
		Aggregated	£4.9420		98,696		£487,755.63

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Peter Elcock

2 - Reason for the notification

Position/status	Chief Risk Officer, CCFS
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table  

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

15 April 2021

Ordinary shares of £0.01 each

GB00BLDRH360

Outside a trading venue

GBP – British Pound

Nature of Transaction:   Grant of Awards

Price

Volume

Total

£4.9420

98,232

£485,462.54

Aggregated

£4.9420

98,232

£485,462.54

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Jason Elphick

2 - Reason for the notification

Position/status	Group General Counsel and Company Secretary
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		60,955		£301,239.61
			Aggregated	£4.9420		60,955		£301,239.61

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

John Gaunt

2 - Reason for the notification

Position/status	Group Chief Information Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April  2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		58,083		£287,046.19
			Aggregated	£4.9420		58,083		£287,046.19

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Hasan Kazmi

2 - Reason for the notification

Position/status	Chief Risk Officer, OSB
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April  2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		68,397		£338,017.97
			Aggregated	£4.9420		68,397		£338,017.97

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Clive Kornitzer

2 - Reason for the notification

Position/status	Group Chief Operating Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April  2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		83,180		£411,075.56
			Aggregated	£4.9420		83,180		£411,075.56

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Lisa Odendaal

2 - Reason for the notification

Position/status	Group Chief Internal Auditor
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table
   

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April  2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		55,592		£274,735.66
			Aggregated	£4.9420		55,592		£274,735.66

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person	Paul Whitlock

2 - Reason for the notification

Position/status	Group Managing Director, Savings
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		50,848		£251,290.82
			Aggregated	£4.9420		50,848		£251,290.82

   1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Richard Wilson

2 - Reason for the notification

Position/status	Group Chief Credit Officer
Initial notification/amendment	Initial Notification

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity	OSB GROUP PLC
Legal Entity Identifier code	213800ZBKL9BHSL2K459

4 - Details of the transaction(s)

  Transaction(s) summary table
  

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	15 April 2021	Ordinary shares of £0.01 each	GB00BLDRH360		Outside a trading venue		GBP – British Pound
	Nature of Transaction:   Grant of Awards			Price		Volume		Total
				£4.9420		52,727		£260,576.83
			Aggregated	£4.9420		52,727		£260,576.83

Enquiries:

OSB GROUP PLC
Nickesha Graham-Burrell,                                               t: 01634 835 796
Group Head of Company Secretariat     

Investor relations

Email: [e-mail]                                     t: 01634 838973

Brunswick                                                       
Robin Wrench / Simone Selzer                                        t:  020 7404 5959

Notes to Editors

About 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. The Group provides specialist lending and retail savings and is 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.

OneSavings Bank

OSB primarily targets market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance.

OSB originates mortgages organically via specialist brokers and independent financial advisers through its specialist brands including Kent Reliance for Intermediaries and InterBay Commercial. It is differentiated through its use of highly skilled, bespoke underwriting and efficient operating model.

OSB is predominantly funded by retail savings originated through the long-established Kent Reliance name, which includes online and postal channels as well as a network of branches in the South East of England. Diversification of funding is currently provided by securitisation programmes and the Bank of England funding schemes including, the Term Funding Scheme and the Term Funding Scheme for SMEs.

Charter Court Financial Services Group

CCFS focuses on providing Buy-to-Let and specialist residential mortgages, mortgage servicing, administration and retail savings products. It operates through its brands: Precise Mortgages and Charter Savings Bank.

It is differentiated through risk management expertise and best-of-breed automated technology and systems, ensuring efficient processing, strong credit and collateral risk control and speed of product development and innovation. These factors have enabled strong balance sheet growth whilst maintaining high credit quality mortgage assets.

CCFS is predominantly funded by retail savings originated through its Charter Savings Bank brand. Diversification of funding is currently provided by securitisation programmes and the Bank of England funding schemes including, the Term Funding Scheme and the Term Funding Scheme for SMEs.