{"id":91574,"date":"2025-03-13T07:43:06","date_gmt":"2025-03-13T07:43:06","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/share-repurchase-programme\/"},"modified":"2025-03-13T07:43:06","modified_gmt":"2025-03-13T07:43:06","slug":"share-repurchase-programme","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/share-repurchase-programme\/","title":{"rendered":"Share Repurchase Programme"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"right\"><strong>LEI: 213800ZBKL9BHSL2K459<\/strong><br \/><strong>Date: 13 March 2025<\/strong><\/p>\n<p align=\"center\"><strong>OSB GROUP PLC<\/strong><br \/><strong>(the Company or the Group)<\/strong><\/p>\n<p><strong>Share repurchase programme<\/strong><\/p>\n<p align=\"justify\">The Group announces that, as outlined in the announcement of its preliminary results for the year ended 31 December 2024 on 13 March 2025, it intends to commence on 14 March 2025, a share repurchase programme to return up to\u00a0\u00a3100 million\u00a0to shareholders (the <strong>Share Repurchase<\/strong> <strong>Programme<\/strong>). The Share Repurchase Programme aligns with the Group\u2019s stated commitment to return excess capital to its shareholders.<\/p>\n<p align=\"justify\">The Company has entered into a non-discretionary agreement (the <strong>Agreement<\/strong>) with Citigroup Global Markets Limited (<strong>Citi<\/strong>) to undertake the Share Repurchase Programme on its behalf by making market purchases, as riskless principal, of the Company\u2019s ordinary shares of one pence each (the <strong>Ordinary Shares<\/strong>) on the London Stock Exchange or another recognised investment exchange<sup>1<\/sup>. Citi shall make trading decisions under the Share Repurchase Programme independently of the Company, subject to certain parameters agreed between Citi and the Company prior to the commencement of the Share Repurchase Programme and to the Company\u2019s right to terminate the Agreement in certain limited circumstances. Citi will continue to operate the Share Repurchase Programme during any closed period.<\/p>\n<p align=\"justify\">Ordinary Shares acquired by Citi under the Agreement will be sold on to the Company. It is the Company\u2019s present intention for such repurchased Ordinary Shares to be cancelled. The purpose of the Share Repurchase Programme is therefore to reduce the Company\u2019s share capital. The maximum number of Ordinary Shares to be acquired under the Share Repurchase Programme is 26,271,178 (being the number of Ordinary Shares the Company is authorised to repurchase under the Company\u2019s general authority to repurchase Ordinary Shares granted by its shareholders at the Annual General Meeting on 9 May 2024 (the <strong>2024 Authority<\/strong>) less the number of Ordinary Shares purchased as part of the \u00a350m share repurchase which commenced on 6\u00a0September 2024 and completed on 31\u00a0January 2025 (13,087,132)) together with such number of shares under any subsequent authority to repurchase shares as may be granted by the Company\u2019s shareholders at its next Annual General Meeting which is schedule to be held on 8 May 2025 (the <strong>2025 Authority<\/strong>).<\/p>\n<p align=\"justify\">The Share Repurchase Programme is expected to complete no later than 10 March 2026.<\/p>\n<p align=\"justify\">Any purchase of Ordinary Shares contemplated by this announcement will be executed in accordance with the 2024 Authority and the 2025 Authority, the Market Abuse Regulation 596\/2014 and the Commission Delegated Regulation (EU) 2016\/1052 (both as incorporated into\u00a0UK\u00a0domestic law by the European Union (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority&#8217;s Listing Rules.<\/p>\n<p align=\"justify\">Any repurchase of Ordinary Shares will be announced no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred.<\/p>\n<p align=\"justify\"><sup>1<\/sup>CBOE BXE and CBOE CXE.<\/p>\n<p><strong>Enquiries:<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p><strong>OSB GROUP PLC<\/strong><br \/>Alastair Pate<br \/>Group Head of Investor Relations \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0t: 01634 838 973<\/p>\n<p><strong>Brunswick<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Robin Wrench\/Simone Selzer \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0t: 020 7404 5959<\/p>\n<p><strong>Notes to Editors<\/strong><\/p>\n<p><strong>About OSB GROUP PLC <\/strong><\/p>\n<p align=\"justify\">OneSavings Bank plc (<strong>OSB<\/strong>) 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 and its subsidiary businesses. On 30 November 2020, OSB GROUP PLC became the listed entity and holding company for the 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.<\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>LEI: 213800ZBKL9BHSL2K459Date: 13 March 2025 OSB GROUP PLC(the Company or the Group) Share repurchase programme The Group announces that, as outlined in the announcement of its preliminary results for the year ended 31 December 2024 on 13 March 2025, it intends to commence on 14 March 2025, a share repurchase programme to return up to\u00a0\u00a3100 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":91575,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/0aaaee3e-26ac-4abf-b60a-e49fa58770b5","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-91574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/91574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=91574"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/91574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/91575"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=91574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=91574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=91574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}