OneSavings Bank (OSB)

Sector:

Financials

Index:

FTSE 250

389.60p
   
  • Change Today:
    -2.20p
  • 52 Week High: 447.40p
  • 52 Week Low: 313.60p
  • Currency: UK Pounds
  • Shares Issued: 245.28m
  • Volume: 1,303,634
  • Market Cap: £955.60m
  • RiskGrade: 283
  • Beta: 0.02

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 389.60p
Change Today -2.20p
% Change -0.56 %
52 Week High 447.40p
52 Week Low 313.60p
Volume 1,303,634
Shares Issued 245.28m
Market Cap £955.60m
Beta 0.02
RiskGrade 283

OneSavings Bank Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.49% above the market average30.49% above the market average30.49% above the market average30.49% above the market average30.49% above the market average
12.68% above the sector average12.68% above the sector average12.68% above the sector average12.68% above the sector average12.68% above the sector average
Price Trend
5.06% below the market average5.06% below the market average5.06% below the market average5.06% below the market average5.06% below the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
Income
66.37% above the market average66.37% above the market average66.37% above the market average66.37% above the market average66.37% above the market average
38.82% above the sector average38.82% above the sector average38.82% above the sector average38.82% above the sector average38.82% above the sector average
Growth
52.77% above the market average52.77% above the market average52.77% above the market average52.77% above the market average52.77% above the market average
21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average

What The Brokers Say

Strong Buy 10
Buy 1
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 17-Oct-2019

Time Volume / Share Price
10:46 12,500 @ 409.00p
08:11 25,000 @ 388.60p
16:42 3,400 @ 393.60p
16:35 380,258 @ 389.60p
16:29 25 @ 388.40p

OneSavings Bank Key Personnel

CEO Andy Golding
CFO April Talintyre

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