Published: 22.06.2016 17:42:45 CET
OneSavings Bank plc
PDMR Share Dealings
The Company announces that:
On 20 June 2016 it received notification that, on 20 June 2016 Mr Richard Wilson, a member of the Executive Committee of the company, sold 33,640 ordinary shares in the company at a price of 316.6500 pence per share.
Following the transaction Mr Wilson is interested in 247,630 ordinary shares in OneSavings Bank plc, representing 0.10 per cent of the ordinary shares in issue.
On 21 June 2016 it received notification that, on 21 June 2016 Mr Richard Davis, a member of the Executive Committee of the company, sold 18,000 ordinary shares in the Company at a price of 323.00 pence per share.
Following the transaction Mr Davis is interested in 272,634 ordinary shares in OneSavings Bank plc, representing 0.11 per cent of the ordinary shares in issue.
OneSavings Bank plc
Alastair Pate Head of Investor Relations t: 01634 838 973
Robin Wrench / Simone Selzer t: 020 7404 5959
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 securitisation and participation in the Funding for Lending Scheme.