OneSavings Bank plc : Director/PDMR Shareholding

OneSavings Bank plc : Director/PDMR Shareholding

OneSavings Bank plc
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with the PDMRs

  1. Awards

The Company notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the Executive Directors and other PDMRs arising from awards granted under the Deferred Share Bonus Plan (DSBP) on 15 March 2018 at a price of £4.1560 per Share being the average closing price of the Shares for the five dealing days leading up to the date of grant.

The purpose of the DSBP is to facilitate the deferral of all or part of a participant's annual bonus into Shares.  Awards will normally vest three years after grant, provided that the participant remains employed by the Company. DSBP awards will not be subject to performance conditions. 

Name Number Shares acquired
Executive Directors
Andrew Golding 50,108
April Talintyre 33,208
Other PDMRs
Jens Bech 21,849
Richard Davis 12,431
John Eastgate 20,485
Jason Elphick 13,750
Hasan Kazmi 18,964
Clive Kornitzer 21,704
Lisa Odendaal 12,994
Richard Wilson 12,294
  1. Vestings

The Company also notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the Executive Directors and other PDMRs arising from awards vested under the Deferred Share Bonus Plan (DSBP) and Performance Share Plan (PSP) on 19 March 2018. The awards vested in full and were granted on 18 March 2015 at a price of £2.19  per Share being the average closing price of the Shares for the five dealing days leading up to the date of grant.

Name Number Shares disposed
Executive Directors
Andrew Golding 120,111
April Talintyre 84,333
Other PDMRs
Jens Bech 53,631
Richard Davis 24,090
John Eastgate 81,929
Clive Kornitzer 92,462
Richard Wilson 42,969

The following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Andrew Golding

2 - Reason for the notification

Position/status Chief Executive Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or  auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 50,108 £208,248.85
Aggregated £4.1560 50,108 £208,248.85

  

 20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
Price VolumeTotal
£3.7494 120,111 £450,344.18
Aggregated £3.7494 120,111 £450,344.18

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person April Talintyre

2 - Reason for the notification

Position/status Chief Financial Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 33,208 £138,012.45
Aggregated £4.1560 33,208 £138,012.45

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 Disposal
Price VolumeTotal
£3.7494 84,333 £316,198.15
Aggregated £3.7494 84,333 £316,198.15

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Jens Bech

2 - Reason for the notification

Position/status Group Commercial Director
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 21,849 £90,804.44
Aggregated £4.1560 21,849 £90,804.44

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 Disposal
PriceVolumeTotal
£3.7494 53,631 £201,084.07
Aggregated £3.7494 53,631 £201,084.07

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Richard Davis

2 - Reason for the notification

Position/status Chief Information Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 12,431 £51,663.24
Aggregated £4.1560 12,431 £51,663.24

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 Disposal
PriceVolumeTotal
£3.7494 24,090 £90,323.05
Aggregated £3.7494 24,090 £90,323.05

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person John Eastgate

2 - Reason for the notification

Position/status Sales & Marketing Director
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 20,485 £85,135.66
Aggregated £4.1560 20,485 £85,135.66

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 Disposal
PriceVolumeTotal
£3.7494 81,929 £307,184.59
Aggregated £3.7494 81,929 £307,184.59

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Jason Elphick

2 - Reason for the notification

Position/status Group General Counsel and Company Secretary
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 13,750 £57,145.00
Aggregated £4.1560 13,750 £57,145.00

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Hasan Kazmi

2 - Reason for the notification

Position/status Chief Risk Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 18,964 £78,814.38
Aggregated £4.1560 18,964 £78,814.38

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Clive Kornitzer

2 - Reason for the notification

Position/status Group Chief Operating Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 21,704 £90,201.82
Aggregated £4.1560 21,704 £90,201.82

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 Disposal
PriceVolumeTotal
£3.7494 92,462 £346,677.02
Aggregated £3.7494 92,462 £346,677.02

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Lisa Odendaal

2 - Reason for the notification

Position/status Group Head of Internal Audit
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 12,994 £54,003.06
Aggregated £4.1560 12,994 £54,003.06

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Richard Wilson

2 - Reason for the notification

Position/status Group Chief Credit Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
15 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Acquisition
PriceVolumeTotal
£4.1560 12,294 £51,093.86
Aggregated £4.1560 12,294 £51,093.86

Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
20 March 2018 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 Disposal
PriceVolumeTotal
£3.7494 42,969 £161,107.97
Aggregated £3.7494 42,969 £161,107.97

Enquiries:

OneSavings Bank plc
Nickesha Graham-Burrell, Deputy Company Secretary     t: 01634 835 796

Brunswick                                                       
Robin Wrench / Simone Selzer                                        t:  020 7404 5959

Notes to Editors

About OneSavings Bank plc

OneSavings Bank plc began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. OSB is a specialist lending and retail savings group authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

OSB primarily targets market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending and secured funding lines. OSB originates organically through specialist brokers and independent financial advisers.  It is differentiated through its use of high skilled, bespoke underwriting and efficient operating model.

OSB is predominantly funded by retail savings originated through the long established Kent Reliance name, which includes online and postal channels, as well as a network of branches in the South East of England. Diversification of funding is currently provided by access to a securitisation programme and the Term Funding Scheme.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: OneSavings Bank plc via Globenewswire

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