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

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 Performance Share Plan (PSP) on 24 May 2018 at a price of £4.1956 per Share, being the average closing price of the Shares for the five dealing days leading up to the date of grant.

The Awards are based on a mixture of internal financial performance targets and relative total shareholder return.  The performance targets will be measured over three financial years.  Clawback and malus provisions apply to these Awards and they will be subject to a two year retention period post vesting.

Name Number of Shares acquired
Executive Directors
Andrew Golding 180,439
April Talintyre 121,005
Other PDMRs
Jens Bech 66,790
Richard Davis 41,451
John Eastgate 53,937
Jason Elphick 47,693
Hasan Kazmi 55,897
Clive Kornitzer 57,149
Lisa Odendaal 39,959
Richard Wilson 43,826

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

 

Acquisition
PriceVolumeTotal
£4.1956 180,439 £757,049.87
Aggregated £4.1956 180,439 £757,049.87

  

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

 

Acquisition
PriceVolumeTotal
£4.1956 121,005 £507,688.58
Aggregated £4.1956 121,005 £507,688.58

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

 

Acquisition
PriceVolumeTotal
£4.1956 66,790 £280,224.12
Aggregated £4.1956 66,790 £280,224.12

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

 

Acquisition
PriceVolumeTotal
£4.1956 41,451 £173,911.82
Aggregated £4.1956 41,451 £173,911.82

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

 

Acquisition
PriceVolumeTotal
£4.1956 53,937 £226,298.08
Aggregated £4.1956 53,937 £226,298.08

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

 

Acquisition
PriceVolumeTotal
£4.1956 47,693 £200,100.75
Aggregated £4.1956 47,693 £200,100.75

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

 

Acquisition
PriceVolumeTotal
£4.1956 55,897 £234,521.45
Aggregated £4.1956 55,897 £234,521.45

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

 

Acquisition
PriceVolumeTotal
£4.1956 57,149 £239,774.34
Aggregated £4.1956 57,149 £239,774.34

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

 

Acquisition
PriceVolumeTotal
£4.1956 39,959 £167,651.98
Aggregated £4.1956 39,959 £167,651.98

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

 

Acquisition
PriceVolumeTotal
£4.1956 43,826 £183,876.37
Aggregated £4.1956 43,826 £183,876.37

Enquiries:

OneSavings Bank plc
Nickesha Graham-Burrell, Head of Company Secretariat  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.




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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