OSB GROUP PLC - Publication of 2023 Annual Report and Accounts and 2024 Notice of AGM
04 April 2024 - 5:30PM
UK Regulatory
OSB GROUP PLC - Publication of 2023 Annual Report and Accounts and
2024 Notice of AGM
LEI: 213800ZBKL9BHSL2K459
OSB GROUP PLC
(the Company)
2023 Annual Report and Accounts and 2024
Notice of Annual General Meeting
In accordance with Listing Rule 9.6.1R, the
Annual Report and Accounts for the year ended 31 December 2023 and
the 2024 Notice of Annual General Meeting (AGM) of the Company and
Form of Proxy have today been submitted for inspection at the
UKLA’s document viewing facility via the National Storage Mechanism
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Annual Report and Accounts for the year
ended 31 December 2023 and 2024 Notice of Annual General Meeting
can be viewed on the Company's website at www.osb.co.uk.
Hard copies of these documents have been mailed to
shareholders.
The AGM will be held at 90 Whitfield Street,
Fitzrovia, London W1T 4EZ on Thursday, 9 May 2024 at 11 am.
Should it become appropriate to revise the
current arrangements for the AGM, any such changes will be notified
to shareholders through our website (www.osb.co.uk) and, where
appropriate, by announcement made by the Company to a Regulatory
Information Service.
Enquiries:
OSB GROUP PLC
Dionne Mortley-Forde
Group Head of Company Secretariat
t: 01634 848 944
Investor relations
Email: osbrelations@osb.co.uk
t:
01634 838 973
Brunswick
t: 020 7404 5959
Robin Wrench / Simone Selzer
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 semicommercial 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.
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’s Term Funding Scheme with additional incentives 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
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