LEI: 213800ZBKL9BHSL2K459
26 March 2025
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 24 March 2025 (the Award Date). The number of Shares subject to the awards has been calculated by reference to the average closing share price of the Company over the three dealing days prior to the Award Date (£4.6093), discounted in the case of the PSP awards to reflect the absence of "dividend equivalents” applicable to the awards to arrive at a price of £3.5768.
The purpose of the DSBP is to facilitate the deferral of part of a participant's annual bonus into Shares. Awards to Executive Directors cannot be sold for at least three years after grant and awards to other PDMRs cannot be sold for at least one year after grant. DSBP awards will not be subject to performance conditions.
The PSP awards are based on a mixture of internal financial performance targets, risk-based measures, ESG measures and relative total shareholder return. The performance targets will be measured over three financial years with vesting in five equal tranches between three and seven years following the Award Date. Clawback and malus provisions apply to these awards.
| Name | Number of Shares subject to award | ||
| Executive Directors | |||
| DSBP | PSP | TOTAL | |
| Andrew Golding | 58,629 | 281,913 | 340,542 |
| Victoria Hyde | 31,283 | 169,145 | 200,428 |
| Other PDMRs | |||
| Jens Bech | 21,266 | 98,811 | 120,077 |
| Jason Elphick | 18,639 | 90,709 | 109,348 |
| Jon Hall | 22,157 | 102,948 | 125,105 |
| Orlagh Hunt | 10,103 | 97,852 | 107,955 |
| Hasan Kazmi | 21,601 | 103,771 | 125,372 |
| Clive Kornitzer | 24,493 | 112,663 | 137,156 |
| Lisa Odendaal | 14,867 | 70,880 | 85,747 |
| Richard Wilson | 16,364 | 78,614 | 94,978 |
| 1. Details of the person discharging managerial responsibilities / person closely associated | ||
| Name of natural person | Andrew Golding | |
| 2. Reason for the notification | ||
| Chief Executive Officer | |
|
Initial Notification | |
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. Full name of the entity | OSB GROUP PLC | |
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | |
| 4. Details of the transaction(s): | ||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BLDRH360 | |
| b. Nature of Transaction | Grant of awards | |
| c. Price(s) and Volume(s) | Price | Volume |
| Nil | 340,542 | |
| d. Aggregated Information: | Aggregated volume 340,542 Aggregated price Nil | |
| e. Date of transaction | 24 March 2025 | |
| f. Place of transaction | Outside a trading venue | |
| ||
| Name of natural person | Victoria Hyde | |
| 2. Reason for the notification | ||
| Chief Financial Officer | |
| Initial Notification | |
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. Full name of the entity | OSB GROUP PLC | |
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | |
| 4. Details of the transaction(s): | ||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BLDRH360 | |
| b. Nature of Transaction | Grant of awards | |
| c. Price(s) and Volume(s) | Price | Volume |
| Nil | 200,428 | |
| d. Aggregated Information: | Aggregated volume 200,428 Aggregated price Nil | |
| e. Date of transaction | 24 March 2025 | |
| f. Place of transaction | Outside a trading venue | |
| ||
| Name of natural person | Jens Bech | |
| 2. Reason for the notification | ||
| Group Commercial Director | |
| Initial Notification | |
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. Full name of the entity | OSB GROUP PLC | |
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | |
| 4. Details of the transaction(s): | ||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | |
| Identification code | GB00BLDRH360 | |
| b. Nature of Transaction | Grant of awards | |
| c. Price(s) and Volume(s) | Price | Volume |
| Nil | 120,077 | |
| d. Aggregated Information: | Aggregated volume 120,077 Aggregated price Nil | |
| e. Date of transaction | 24 March 2025 | |
| f. Place of transaction | Outside a trading venue | |
| |||
| Name of natural person | Jason Elphick | ||
| 2. Reason for the notification | |||
| Group General Counsel and Company Secretary | ||
| Initial Notification | ||
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a. Full name of the entity | OSB GROUP PLC | ||
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | ||
| 4. Details of the transaction(s): | |||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | ||
| Identification code | GB00BLDRH360 | ||
| b. Nature of Transaction | Grant of awards | ||
| c. Price(s) and Volume(s) | Price | Volume | |
| Nil | 109,348 | ||
| d. Aggregated Information: | Aggregated volume 109,348 Aggregated price Nil | ||
| e. Date of transaction | 24 March 2025 | ||
| f. Place of transaction | Outside a trading venue | ||
| |||
| Name of natural person | Jon Hall | ||
| 2. Reason for the notification | |||
| Group Managing Director, Mortgages and Savings | ||
| Initial Notification | ||
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a. Full name of the entity | OSB GROUP PLC | ||
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | ||
| 4. Details of the transaction(s): | |||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | ||
| Identification code | GB00BLDRH360 | ||
| b. Nature of Transaction | Grant of awards | ||
| c. Price(s) and Volume(s) | Price | Volume | |
| Nil | 125,105 | ||
| d. Aggregated Information: | Aggregated volume 125,105 Aggregated price Nil | ||
| e. Date of transaction | 24 March 2025 | ||
| f. Place of transaction | Outside a trading venue | ||
| 1. Details of the person discharging managerial responsibilities / person closely associated | |||
| Name of natural person | Orlagh Hunt | ||
| 2. Reason for the notification | |||
| Chief People Officer | ||
| Initial Notification | ||
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a. Full name of the entity | OSB GROUP PLC | ||
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | ||
| 4. Details of the transaction(s): | |||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | ||
| Identification code | GB00BLDRH360 | ||
| b. Nature of Transaction | Grant of awards | ||
| c. Price(s) and Volume(s) | Price | Volume | |
| Nil | 107,955 | ||
| d. Aggregated Information: | Aggregated volume 107,955 Aggregated price Nil | ||
| e. Date of transaction | 24 March 2025 | ||
| f. Place of transaction | Outside a trading venue | ||
| 1. Details of the person discharging managerial responsibilities / person closely associated | |||
| Name of natural person | Hasan Kazmi | ||
| 2. Reason for the notification | |||
| Group Chief Risk Officer | ||
| Initial Notification | ||
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a. Full name of the entity | OSB GROUP PLC | ||
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | ||
| 4. Details of the transaction(s): | |||
| a. Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each | ||
| Identification code | GB00BLDRH360 | ||
| b. Nature of Transaction | Grant of awards | ||
| c. Price(s) and Volume(s) | Price | Volume | |
| Nil | 125,372 | ||
| d. Aggregated Information: | Aggregated volume 125,372 Aggregated price Nil | ||
| e. Date of transaction | 24 March 2025 | ||
| f. Place of transaction | Outside a trading venue | ||
| 1. Details of the person discharging managerial responsibilities / person closely associated | |||
| Name of natural person | Clive Kornitzer | ||
| 2. Reason for the notification | |||
| Group Chief Operating Officer | ||
| Initial Notification | ||
| 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a. Full name of the entity | OSB GROUP PLC | ||
| b. Legal Entity Identifier code | 213800ZBKL9BHSL2K459 | ||
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