ONE Savings Bank PLC : Director/PDMR Shareholding

Published: 15.05.2015 17:26:29 CET

OneSavings Bank plc (the "Company")

2014 Sharesave Scheme ("Sharesave Plan")

2015 Sharesave Options - Notification of Transactions by Persons Discharging Managerial Responsibilities

Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4, the Company granted an option over ordinary shares of 1p each, on 15 May 2015 under the Sharesave Plan to certain PDMRs as follows:

Name Options Granted Exercise date
Jens Bech 3,964 1 July 2018
Richard Davis 6,607 1 July 2020
John Eastgate 3,964 1 July 2018
Clive Kornitzer 3,964 1 July 2018

The Sharesave Plan is an all-employee tax advantaged share plan under Schedule 3 of the Income Tax (Earnings and Pensions) Act 2003.  All eligible employees were invited to apply for options.  The option price of 2.27 was set at a 20% discount to the average market value of a Share over the period 14, 15 and 16 April 2015.  Options become exercisable at the option price on the date shown above for a period of six months and will then lapse.

The beneficial interests in the ordinary share capital of the Company of those PDMRs following the granting of the awards detailed above on 15 May 2015 are:

  Total Interest in Company shares at 15 May 2015
 

Jens Bech
 

1,651,963 (0.68%)
Richard Davis    324,449 (0.13%)
John Eastgate 1,229,996 (0.51%)
Clive Kornitzer 1,250,196 (0.51%)

For further information contact:

OneSavings Bank plc
Zoe Bucknell
Group General Counsel and Company Secretary

Tel: 01634 835788