ONESAVINGS BANK PLC One Savings Bank Plc : Director/Pdmr Shareholding
December 02 2016 - 10:30AM
UK Regulatory
TIDMOSB
OneSavings Bank plc
(the 'Company')
Notification of Transactions of Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with the PDMRs
The Company received notification that on 29 November 2016 Mr Richard
Davis, a PDMR of the Company, sold 25,000 ordinary shares of GBP0.01
each at an average price of GBP3.22 per share.
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 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 Financial Identification Place of Currency
Transaction Instrument Code Transaction
2016-11-29 Ordinary GB00BM7S7K96 London Stock GBP - British Pound
shares of Exchange,
GBP0.01 Main Market
each (XLON)
Nature of Transaction: Price Volume Total
Disposal
GBP3.22 25,000 GBP80,550
Aggregated GBP3.222 25,000 GBP80,550
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
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