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Tuesday, 10 October 2017

OneSavings Bank plc : Director/PDMR Shareholding

OneSavings Bank plc    

Published: 17:43 CEST 10-10-2017 /GlobeNewswire /Source: OneSavings Bank plc / : OSB /ISIN: GB00BM7S7K96

OneSavings Bank plc : Director/PDMR Shareholding

LEI: 213800WTQKOQI8ELD692

 

OneSavings Bank plc

(the Company)

 

Notification of Transaction of a Person Discharging Managerial Responsibilities (PDMRs)

 

The Company notifies the following change in the interests of a PDMR in the ordinary shares of £0.01 each (Shares) of the Company.

 

 

Name

Number  of Shares acquired

David Weymouth

13,178

 

 

  1 - Details of the person discharging managerial responsibilities / person closely associated

 

Name of natural person

David Weymouth

 
   

2 - Reason for the notification

 

Position/status

Chairman

  

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 Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

9 October 2017

Ordinary shares of £0.01 each

GB00BM7S7K96

London Stock Exchange, Main Market (XLON)

GBP - British Pound

 

Nature of Transaction:

 

Acquisition

 

Price

Volume

Total

£3.79

13,178

49,944.62

Aggregated

£3.79

13,178

49,944.62

         

  

 

Enquiries:

 

OneSavings Bank plc

Nickesha Graham-Burrell, Deputy Company Secretary     t: 01634 835 796

 

 

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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: OneSavings Bank plc, Reliance House Sun Pier, CHATHAM ME4 4ET, UNITED KINGDOM
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