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ONESAVINGS BANK PLC (OSB)

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Thursday 21 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 of PDMRs in the ordinary shares of £0.01 each (Shares) of the Company:

  1. Sale of Shares at a price of £3.919746
Name Number  of Shares sold
Executive Directors
Andrew Golding 550,000
April Talintyre 250,000

The disposals outlined above were made for tax purposes and following these transactions Mr Golding is interested in 1,780,493 Shares in the Company, representing 0.73 per cent of the Shares in issue and Ms Talintyre is interested in 787,291 Shares in the Company, representing 0.32 per cent of the Shares in issue.

  1. Exercise of options at a price of £1.34 each relating to the 2014 3 Year Sharesave Scheme.
Name Number Shares
Executive Director
April Talintyre1 6,716
Other PDMR
Clive Kornitzer2 6,716

1 Shares acquired
2 Shares sold

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

 

Disposal
PriceVolumeTotal
£3.919746 550,000 2,155,860.3
Aggregated £3.919746 550,000 2,155,860.3

  

  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
20 September 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
  Nature of Transaction:   PriceVolumeTotal
  Acquisition Aggregated £1.34 6,716 £8,999.44
  Date of Transaction      
  21 September 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
PriceVolumeTotal
£3.919746 250,000 979,936.5
Aggregated £3.919746 250,000 979,936.5
           
         
               

  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
20 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
  Disposal   £1.34 6,716 £8,999.44
  Aggregated £1.34 6,716 £8,999.44

Enquiries:

OneSavings Bank plc
Alastair Pate, Head of Investor Relations                        t: 01634 838973

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 ('PRA'), part of the Bank of England, and regulated by the Financial Conduct Authority ('FCA') and PRA.

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, the Funding for Lending Scheme and the 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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