OneSavings Bank plc
Directors' Dealings
OneSavings Bank plc ("OSB", "the Company"), the specialist lending and retail savings group, announces that:
On 13 April 2016 it received notification that on 13 April 2016 Mr Eric Anstee, a Non-Executive Director of the Company, purchased 4,960 ordinary shares in the Company at a price of 302.37 pence per share.
Following this transaction Mr Anstee is interested in 4,960 ordinary shares, representing 0.002 per cent of the OSB ordinary shares in issue.
For further information contact:
Enquiries:
OneSavings Bank plc
Alastair Pate, Head of Investor Relations t: 01634 838973
Brunswick t: 020 7404 5959
Robin Wrench / Simone Selzer
Notes to Editors
About OneSavings Bank plc
OneSavings Bank plc ('OSB') began trading as a bank on 1 February 2011 when the trade and assets of Kent Reliance Building Society ('KRBS') were transferred into the business. 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 focuses on selected sub-sectors of the lending market in which it has established expertise, platforms and capabilities, and where opportunities have been identified for both high returns on a risk-adjusted basis and strong growth. These include Residential Mortgages (comprising first charge, second charge and shared ownership), Buy-to-Let/SME and Personal Loans. OSB originates organically through specialist brokers and independent financial advisors.
OSB is predominantly funded by retail savings originated through the established Kent Reliance franchise, which includes a network of branches in the South East of England, as well as online and postal channels. Diversification of funding is currently provided by a securitisation and OSB joined the Funding for Lending Scheme in early 2014.