Published: 28.06.2016 17:11:11 CET
OneSavings Bank plc
The Company announces that:
On 27 June 2016 the Company received notification that on, 27 June 2016, Mrs Mary McNamara, a Non- Executive Director of the Company, acquired 22,350 ordinary shares in the Company at a price of 222.464 pence per share.
Following the transaction Mrs McNamara is interested in 22,350 OneSavings Bank plc ordinary shares, representing 0.01 per cent of the issued ordinary share capital.
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.