Court and General Meetings Results - Seite 3
Timetable
Implementation of the Scheme remains subject to the satisfaction of certain conditions which are set out in Part II (Explanation of the Scheme and its Effects) of the Scheme Document. These include the sanction of the Scheme by the High Court at a hearing which is expected to take place on 27 November 2020.
The Scheme is then expected to become effective by no later than 8:00 a.m. on 30 November 2020.
Copies of the special resolutions passed at the OSB General Meeting will be submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority’s National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries
For further information, please contact the following.
OneSavings Bank plc
Alastair Pate, Group Head of Investor Relations Tel: +44 (0) 16 3483 8973
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Slaughter and May are retained as legal adviser to OSB.
Notes to Editors
OSB began trading as a bank on 1 February 2011 and was admitted to the London Stock Exchange’s main market for listed securities on 10 June 2014. OSB joined the FTSE 250 index in June 2015. The OSB Group is a specialist lending and retail savings group authorised by the PRA and regulated by the FCA and the PRA.
The OSB Group has grown organically and through the acquisition of businesses and portfolios. On 4 October 2019, OSB acquired the Charter Court Group as a result of the Charter Court Combination. The Charter Court Group, based at 2 Charter Court, Broadlands, Wolverhampton, WV10 6TD, was initially founded in November 2008 as a provider of credit consultancy and mortgage administration services for pools of mortgage loans owned by third parties. It was subsequently granted permission by the Financial Services Authority (now the FCA) to act as an authorised mortgage administrator and lender and also obtained a banking licence from the PRA.
Based in Chatham, Kent, the OSB Group trades under the Kent Reliance, InterBay Commercial, InterBay Asset Finance and Heritable Development Finance brands in the UK. Following the Charter Court Combination, the OSB Group also trades under the Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank brands in the UK. The OSB Group also has a presence in the Channel Islands under the Jersey Home Loans and Guernsey Home Loans brands.