OSB Osb Group Plc

 
TIDMOSB 
 
   OneSavings Bank plc 
 
   (the 'Company') 
 
   Director/PDMR Dealings 
 
   The Company announces that it has received notifications that Mr Andrew 
Doman, a Non-Executive Director of the Company, made the following share 
purchases: 
 
 
   -- on 26 September 2016 he purchased 15,000 ordinary shares in the Company 
      at an average price of 259.60 pence per share; and 
 
   -- on 27 September 2016 he purchased a further 85,499 ordinary shares in the 
      Company at an average price of 261.25 pence per share. 
 
 
   Following these transactions Mr Doman is interested in 100,499 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 
 
   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 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 
 
 
  http://www.osb.co.uk/ 
 

(END) Dow Jones Newswires

September 29, 2016 04:50 ET (08:50 GMT)

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