Information  X 
Enter a valid email address

ONESAVINGS BANK PLC (OSB)

  Print      Mail a friend       Annual reports

Wednesday 09 October, 2019

ONESAVINGS BANK PLC

Director/PDMR Shareholding

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 that following completion of the combination between the Company and Charter Court Financial Services (CCFS) the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the PDMRs.

(i)            Beneficial holdings

DirectorsNumber of Shares held
Sir George Malcolm Williamson71,764
Rajan Kapoor8,970
Ian Ward35,882
Other PDMRs 
Alan Cleary1,517,157
Peter Elcock74,291
John Nixon1,758,480
Paul Whitlock76,099

(ii)           Awards

The Company granted awards under the Mirror Performance Share Plan. The number of shares awarded was calculated using the following formula:

(N*I)*0.8253

Where N is the number of CCFS shares that were subject to the corresponding PSP Award and I is the inverse of the time-based pro rata vesting proportion applied at the Sanction Date.

The PSP awards are based on a mixture of internal financial performance targets and relative total shareholder return on the same terms as the equivalent awards made by the Company in the relevant year. Clawback and malus provisions apply to these Awards and they will be subject to a two year retention period post vesting.

Name Number of Awards granted
PDMR2018 PSP 2019 PSP Total
Alan Cleary30,82270,226101,048
Peter Elcock30,82270,226101,048
John Nixon30,82270,226101,048
Paul Whitlock13,80133,74547,546

(iii)          Roll over sharesave options

Some sharesave options over CCFS shares have also been rolled over to the Company.

Name Number of roll over options granted
PDMR2017 Sharesave
Alan Cleary7,944
Peter Elcock7,944
John Nixon7,944
Paul Whitlock7,944

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 Sir George Malcolm Williamson 
   

2 - Reason for the notification

Position/statusChairman
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.0071,7640.00
Aggregated£0.0071,7640.00
         


         

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

Name of natural person Rajan Kapoor 
   

2 - Reason for the notification

Position/statusNon-Executive Director
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.008,9700.00
Aggregated£0.008,9700.00
         


         

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

Name of natural person Ian Ward 
   

2 - Reason for the notification

Position/statusNon-Executive Director
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.0035,8820.00
Aggregated£0.0035,8820.00
         


         

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

Name of natural person Alan Cleary 

2 - Reason for the notification

Position/statusGroup Managing Director, Mortgages
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.001,626,1490.00
Aggregated£0.001,626,1490.00
         

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

Name of natural person Peter Elcock 
   

2 - Reason for the notification

Position/statusChief Risk Officer
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.00183,2830.00
Aggregated£0.00183,2830.00
         


         

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

Name of natural person John Nixon 
   

2 - Reason for the notification

Position/statusChief Operating Officer
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.001,867,4720.00
Aggregated£0.001,867,4720.00
         


         

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

Name of natural person Paul Whitlock 

2 - Reason for the notification

Position/statusExecutive Director, Savings
  
Initial notification/amendmentInitial Notification

 

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

Full name of the entityOneSavings Bank plc
  
Legal Entity Identifier code213800WTQKOQI8ELD692

4 - Details of the transaction(s)

 Date of TransactionFinancial Instrument Identification Code Place of TransactionCurrency
 4 October 2019Ordinary shares of £0.01 eachGB00BM7S7K96outside a trading venueGBP – British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£0.00131,5890.00
Aggregated£0.00131,5890.00
         

Enquiries:

OneSavings Bank plc
Nickesha Graham-Burrell,                                               t: 01634 835 796
Head of Company Secretariat   

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, secured funding lines and asset finance. 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.


a d v e r t i s e m e n t