LEI: 213800WTQKOQI8ELD692
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.
5 October 2020
OneSavings Bank plc (“OSB”)
Rule 19.6(c) confirmation with respect to post-offer intention statements made in relation to Charter Court Financial Services Group plc (“CCFS”)
OSB announces that, further to the completion of its recommended all-share combination with CCFS, which was implemented by way of a scheme of arrangement between CCFS and its shareholders under Part 26 of the Companies Act 2006 and which became effective on 4 October 2019, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the City Code on Takeovers and Mergers (the “Code”) that, save as set out in its announcement of 30 January 2020 pursuant to Rule 19.6(b) of the Code regarding its disposal of Prestige House and the discontinuance of the Prestige Finance brand, OSB has complied with the post-offer statements of intent made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code and which are set out in its announcement of 14 March 2019 and the CCFS scheme document published on 15 May 2019.
Enquiries:
OneSavings Bank plc
Alastair Pate t: 01634 838 973
Brunswick Group
Robin Wrench/Simone Selzer t: 020 7404 5959
About OneSavings Bank plc
OneSavings Bank plc 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. 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 the Prudential Regulation Authority (registered number 530504). The Bank acquired Charter Court Financial Services Group plc and its subsidiary businesses on 4 October 2019.
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.