OSB GROUP PLC - Director/PDMR Shareholding
OSB GROUP PLC has notified the grant of 915,082 ordinary shares to Chief Executive Officer Enrique Alvarez Labiano on 17 September 2026. These awards, granted at nil cost, are intended to replace unvested awards forfeited from his previous employer and will vest in tranches between September 2026 and March 2030, mirroring the original vesting schedules.
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This announcement should be read in conjunction with the announcements relating to Enrique Alvarez Labiano’s appointment made on 20 February 2026 and 23 April 2026.
Enrique Alvarez Labiano joined the Group on 1 September 2026. It was agreed that he would receive deferred cash and deferred share awards to replace, on a like for like basis, unvested awards forfeited on leaving his previous employer.
The Company hereby notifies the grant of awards over ordinary shares of £0.01 each (Shares) in the capital of the Company to Enrique Alvarez Labiano in connection with his recruitment as Chief Executive Officer. The awards were granted under Listing Rule 9.3.2, on terms substantially similar to the Company’s Performance Share Plan (PSP) and Deferred Bonus Plan, on 17 September 2026 (the Award Date) and are intended to replace unvested awards forfeited from leaving his previous employer.
The number of Shares subject to the award was determined by reference to the closing share prices of the Company and Enrique Alvarez Labiano’s previous employer on the date he served his notice (20 February 2026).
The awards are subject to the vesting schedules that mirror those of the forfeited awards and will vest in tranches between September 2026 and March 2030. The awards are granted in accordance with the regulatory requirements applicable to recruitment buy-out awards.
| Name | Number of Shares subject to award | |
|---|---|---|
| PDMRs | ||
| Recruitment Award | TOTAL | |
| Enrique Alvarez Labiano | 915,082 | 915,082 |
The following disclosures are made in accordance with Article 19 of the UK Market Abuse Regulation.
- Details of the person discharging managerial responsibilities / person closely associated
| Name of natural person | Enrique Alvarez Labiano | |
| 2. Reason for the notification | ||
| Position/status | Chief Executive Officer | |
| Initial notification/amendment | Initial Notification | |
| 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 | 915,082 | |
| d. Aggregated Information: | Aggregated volume 915,082 Aggregated price Nil | |
| f. Place of transaction | Outside a trading venue | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.