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ONESAVINGS BANK PLC (OSB)

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Friday 01 September, 2017

ONESAVINGS BANK PLC

OneSavings Bank plc : Director/PDMR Shareholding

OneSavings Bank plc : Director/PDMR Shareholding

LEI: 213800WTQKOQI8ELD692

OneSavings Bank plc
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)

The Company notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of an Executive Director and other PDMRs arising from the exercise of options at a price of £1.34 each relating to the 2014 3 Year Sharesave Scheme.

Name Number Shares acquired
Other PDMRs
Jens Bech 6,716
Richard Davis 6,716
John Eastgate 6,716

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 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
  1 September 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£1.34 6,716 £8,999.44
Aggregated £1.34 6,716 £8,999.44
         

  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
  1 September 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£1.34 6,716 £8,999.44
Aggregated £1.34 6,716 £8,999.44
         

  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
  1 September 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
 Nature of Transaction:

 

Acquisition
 PriceVolumeTotal
£1.34 6,716 £8,999.44
Aggregated £1.34 6,716 £8,999.44
         

Enquiries:

OneSavings Bank plc
Alastair Pate, Group Head of Investor Relations  t: 01634 838 973

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 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 underserved 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 Funding for Lending Scheme and Term Funding Scheme, which OSB joined in 2014 and 2016, respectively.




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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