Business
The Offering Memorandum in relation to its issu...
The Offering Memorandum in relation to its issu....
About this update from Osb Group Plc
[{"type":"text","content":"\n \n \n The Offering Memorandum in relation to its issue of £150 million Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities\n \n \n \n Issuer LEI: 213800ZBKL9BHSL2K459\n \n OSB GROUP PLC \n \n \n (the “Company” or “Issuer”)\n \n The Company announces today that the offering memorandum dated 5 October 2021 (the \"Offering Memorandum\") in relation to its issue of £150 million Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (the “Securities”) at 100 per cent issue price with an initial fixed interest rate of 6 per cent. per annum and reset dates on 7 April 2027 (the “First Reset Date”) and each date falling five, or an integral multiple of five, years after the First Reset Date, has been approved by the International Securities Market of the London Stock Exchange (the \"ISM\") and is available for viewing at www.osb.co.uk.\n \n OSB GROUP PLC\n \n Alastair Pate t: +44 0771 418 1864Group Head of Investor Relations\n Jens BechGroup Commercial Director t: +44 0774 024 7473\n \n Notes to Editors\n About OSB GROUP PLC \n \n 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. OSB is a specialist lending and retail savings Group 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.\n \n DISCLAIMER\n \n The distribution of this stock exchange release may be restricted...