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ONESAVINGS BANK PLC (OSB)

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Monday 10 April, 2017

ONESAVINGS BANK PLC

ONESavings Bank PLC : Director/PDMR Shareholding

ONESavings Bank PLC : Director/PDMR Shareholding

OneSavings Bank plc
(the 'Company')

Notification of a Transaction of a Person Discharging Managerial Responsibilities ("PDMR") and person closely associated with the PDMR

The Company notifies the following disposal of ordinary shares of £0.01 each (Shares) at a price of £4.06937.

Name Number of Shares sold
Katharine Kornitzer (spouse of Clive Kornitzer) 250,000

The following disclosure is 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 Katharine Kornitzer

2 - Reason for the notification

Position/status Closely associated person of Clive Kornitzer, 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
7 April 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
PriceVolumeTotal
£4.06937 250,000 £1,017,342.50
Aggregated£4.06937250,000£1,017,342.50

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 ('OSB') began trading as a bank on 1 February 2011 when the trade and assets of Kent Reliance Building Society were transferred into the business. 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 focuses on selected sub-sectors of the lending market in which it has established expertise, platforms and capabilities, and where opportunities have been identified for both high returns on a risk-adjusted basis and strong growth. These include Buy-to-Let/SME (comprising Buy-to-Let, Commercial, Residential development and Funding lines), Residential Mortgages (comprising First charge, Second charge and Funding lines), and Personal Loans. OSB originates organically through specialist brokers and independent financial advisors.

OSB is predominantly funded by retail savings originated through the established Kent Reliance franchise, which includes a network of branches in the South East of England, as well as online and postal channels. Diversification of funding is currently provided by securitisation and OSB joined the Funding for Lending Scheme in early 2014 and the Term Funding Scheme in November 2016.




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: ONE Savings Bank PLC via Globenewswire


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