ONE Savings Bank PLC : Director/PDMR Shareholding

06.December 2016 at 15:39:39 CET

OneSavings Bank plc
(the 'Company')

Notification of Transactions of Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with the PDMRs

The Company received notifications on 5 December 2016 that ordinary shares of 0.01 each were sold at an average price of 3.1325 per share as follows:

Name Number  of the Company's ordinary shares sold
Jens Bech 275,000
Christine Eastgate (spouse of John Eastgate) 200,022
Katharine Kornitzer (spouse of Clive Kornitzer) 147,054
April Talintyre 200,000

The following disclosures are 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 Jens Bech

2 - Reason for the notification

Position/status Commercial Director
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or 
     auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2016-12-05 Ordinary shares of 0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
Price Volume Total
3.13 275,000 861,440.30
Aggregated 3.133 275,000 861,440.30

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Christine Eastgate

2 - Reason for the notification

Position/status Closely associated person of John Eastgate, Sales and Marketing Director
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or 
     auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2016-12-05 Ordinary shares of 0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
Price Volume Total
3.13 200,022 626,570.96
Aggregated 3.133 200,022 626,570.96

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person Katharine Kornitzer

2 - Reason for the notification

Position/status Closely associated person of Clive Kornitzer, Group Chief Operating Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or 
     auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2016-12-05 Ordinary shares of 0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
Price Volume Total
3.13 147,054 460,648.15
Aggregated 3.133 147,054 460,648.15

  1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person April Talintyre

2 - Reason for the notification

Position/status Chief Financial Officer
Initial notification/amendment Initial Notification

 

3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or 
     auction monitor

Full name of the entity OneSavings Bank plc
Legal Entity Identifier code 213800WTQKOQI8ELD692

4 - Details of the transaction(s)

  Transaction(s) summary table

Date of Transaction Financial Instrument Identification Code Place of Transaction Currency
2016-12-05 Ordinary shares of 0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction:

 

Disposal
Price Volume Total
3.13 200,000 626,502.04
Aggregated 3.133 200,000 626,502.04

Enquiries:

OneSavings Bank plc
Alastair Pate, Head of Investor Relations            t: 01634 838973

Brunswick                                                       
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.