Core Points - OSB Group PLC has announced the results of its tender offer for its £150,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities [1][2] - The offer was initiated on 17 November 2025, with a deadline for submissions set at 4:00 p.m. London time on 24 November 2025 [3][4] - A total of £132,928,000 in principal amount of the securities were validly tendered for purchase by the expiration deadline [4] - The company plans to accept all validly tendered securities at a cash purchase price of 100.250% of the principal amount, plus accrued interest [5] - The expected settlement date for the offer is 27 November 2025, after which £17,072,000 in principal amount of the securities will remain outstanding [6] Offer Details - The tender offer memorandum dated 17 November 2025 outlines the terms and conditions of the offer [3] - The offer is subject to the satisfaction or waiver of the New Issue Condition prior to the settlement date [5][6] - The announcement includes contact information for Goldman Sachs International, Lloyds Bank Corporate Markets plc, Morgan Stanley & Co. International plc, and Kroll Issuer Services Limited for further inquiries [7]

Core Viewpoint - OSB Group PLC has announced a cash tender offer for its £150,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities, aiming to provide liquidity for investors and manage refinancing alongside the issuance of new securities [2][5]. Offer Details - The offer is for the purchase of all outstanding £150,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities (ISIN: XS2391408072) [2][4]. - The purchase price is set at 100.250% of the principal amount of the securities [7]. - The offer is subject to the satisfaction or waiver of the New Issue Condition, which involves the concurrent issuance of new sterling denominated additional tier 1 securities [10][11]. Rationale for the Offer - The primary purpose of the offer is to enhance liquidity for investors and to proactively manage the refinancing of the existing securities [5]. - Securities purchased through the offer will be cancelled and will not be re-issued or resold [5]. Tender Instructions - Holders must submit valid tender instructions by 4:00 p.m. (London time) on 24 November 2025 to participate in the offer [22][23]. - Tender instructions must be for a minimum principal amount of £1,000, and can be submitted in integral multiples of £1,000 thereafter [24]. Indicative Timetable - The offer commenced on 17 November 2025, with the expiration deadline for valid tender instructions set for 24 November 2025 [25]. - The announcement of results regarding accepted tenders is expected on 25 November 2025, with the settlement date anticipated for 27 November 2025 [25].