OneSavings Bank (OSB)

Sector:

Financials

Index:

FTSE 250

309.40p
   
  • Change Today:
      12.20p
  • 52 Week High: 452.00
  • 52 Week Low: 190.00
  • Currency: UK Pounds
  • Shares Issued: 446.20m
  • Volume: 1,069,510
  • Market Cap: £1,380.55m
  • RiskGrade: 400

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CMA clears merger of OneSavings Bank and Charter Court

By Josh White

Date: Tuesday 30 Jul 2019

LONDON (ShareCast) - (Sharecast News) - OneSavings Bank and Charter Court Financial Services Group updated the market on their proposed merger on Tuesday, confirming that they had received clearance from the competition watchdog to proceed with their plans.
The two FTSE 250 companies initially announced their proposal on 14 March, saying they had reached agreement on the terms of a recommended all-share combination for the entire issued and to-be-issued share capital of Charter Court.

In particular, the combination remained subject to a number of conditions, including that it was conditional on the Competition and Markets Authority confirming, in terms "reasonably satisfactory", that the combination would not be subject to a reference under sections 22 or 33 of the Enterprise Act 2002.

"OSB and Charter Court are pleased to confirm that, on 30 July, the CMA announced that it does not intend to refer the combination under the provisions of the Enterprise Act 2002 and that the CMA's clearance was unconditional," the two firms said on Tuesday.

"The CMA condition has therefore been satisfied."

They noted that completion of the combination remained subject to other outstanding conditions, including receipt of regulatory approvals from the Financial Conduct Authority and the Prudential Regulation Authority.

"Further announcements will be made as necessary in due course."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

OneSavings Bank Market Data

Currency UK Pounds
Share Price 309.40p
Change Today 12.20p
% Change 4.11 %
52 Week High 452.00
52 Week Low 190.00
Volume 1,069,510
Shares Issued 446.20m
Market Cap £1,380.55m
RiskGrade 400

OneSavings Bank Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.36% above the market average70.36% above the market average70.36% above the market average70.36% above the market average70.36% above the market average
22.73% above the sector average22.73% above the sector average22.73% above the sector average22.73% above the sector average22.73% above the sector average
Price Trend
36.6% below the market average36.6% below the market average36.6% below the market average36.6% below the market average36.6% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average
Income
55.28% above the market average55.28% above the market average55.28% above the market average55.28% above the market average55.28% above the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Growth
57.50% above the market average57.50% above the market average57.50% above the market average57.50% above the market average57.50% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 11
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 12
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OneSavings Bank Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 21-Mar-19
Paid 20-Sep-19 15-May-19
Amount 4.90p 10.30p

Trades for 05-Jun-2020

Time Volume / Share Price
16:28 1,300 @ 309.40p
16:28 76 @ 309.40p
16:27 610 @ 309.80p
16:26 485 @ 308.80p
16:26 131 @ 308.80p

OneSavings Bank Key Personnel

CEO Andy Golding
CFO April Talintyre

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