ONE Savings Bank PLC : Interim Dividend Timetable - Correction

Published: 24.08.2016 11:44:43 CET

 

Correcting announcement

 

OneSavings Bank plc
("OSB" and "the Company")

Interim Dividend Timetable

This notification is made further to an announcement made on 24 August 2016, which incorrectly stated the record and payment dates for the Interim Dividend. The correct position is noted below.

The directors propose an interim dividend for the first half of 2.9 pence per share, based on one third of the total 2015 dividend of 8.7 pence per share, payable on 4 November 2016 with a record date of 14 October 2016.

Enquiries:

OneSavings Bank plc

Alastair Pate t: 01634 838 973

Brunswick Group

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 participation in the Funding for Lending Scheme and a securitisation programme.