OneSavings Bank plc
Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with the PDMRs
The Company received notification that on 29 November 2016 Mr Richard Davis, a PDMR of the Company, sold 25,000 ordinary shares of £0.01 each at an average price of £3.22 per share.
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 - Details of the person discharging managerial responsibilities / person closely associated
|Name of natural person||Richard Davis|
|Position/status||Chief Information Officer|
|Initial notification/amendment|| Initial Notification |
|Full name of the entity||OneSavings Bank plc|
|Legal Entity Identifier code||213800WTQKOQI8ELD692|
Transaction(s) summary table
|Date of Transaction||Financial Instrument||Identification Code||Place of Transaction||Currency|
|2016-11-29||Ordinary shares of £0.01 each||GB00BM7S7K96||London Stock Exchange, Main Market (XLON)||GBP - British Pound|
| Nature of Transaction: |
|£3.22||25,000|| £80,550 |
|Aggregated||£3.222||25,000|| £80,550 |
OneSavings Bank plc
Alastair Pate, Head of Investor Relations t: 01634 838973
Robin Wrench / Simone Selzer t: 020 7404 5959
Notes to Editors
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 access to a securitisation programme.