ONE Savings Bank PLC : Director/PDMR Shareholding
Post# of 301275
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.
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