OneSavings Bank PLC Director/PDMR Dealings (1271K)
September 16 2016 - 11:31AM
UK Regulatory
TIDMOSB
RNS Number : 1271K
OneSavings Bank PLC
16 September 2016
OneSavings Bank plc
(the 'Company')
Director/PDMR Dealings
The Company announces that it has received notifications that on
8 September 2016 the following share transfers occurred:
Mr John Eastgate, a member of the Executive Committee of the
Company, transferred 1,275 Class D Shares in OSB HoldCo Limited
(corresponding to 200,022 ordinary shares in the Company) to his
wife, Christine Eastgate (a person closely associated), for nil
consideration.
Following this transaction Mr Eastgate is interested in 114,681*
ordinary shares in the Company, representing approximately 0.05 per
cent of the ordinary shares in issue.
Mr Clive Kornitzer, a member of the Executive Committee of the
Company, transferred 3,487 Class E Shares in OSB HoldCo Limited
(corresponding to 547,054 ordinary shares in the Company) to his
wife, Katherine Kornitzer (a person closely associated), for nil
consideration.
Following this transaction Mr Kornitzer is interested in
100,000* ordinary shares in the Company, representing approximately
0.04 per cent of the ordinary shares in issue.
For further information contact:
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
*These references to interests in shares above do not include
unvested shares such as deferred share bonus awards, performance
share plans or sharesave awards.
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
participation in the Funding for Lending Scheme and access to a
securitisation programme.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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