OneSavings Bank plc : Director/PDMR Shareholding
Post# of 301275
LEI: 213800WTQKOQI8ELD692
OneSavings Bank plc (the Company)
Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)
The Company notifies the following changes in the interests of PDMRs in the ordinary shares of £0.01 each (Shares) of the Company:
- Sale of Shares at a price of £3.919746
| Name | Number of Shares sold |
| Executive Directors | |
| Andrew Golding | 550,000 |
| April Talintyre | 250,000 |
The disposals outlined above were made for tax purposes and following these transactions Mr Golding is interested in 1,780,493 Shares in the Company, representing 0.73 per cent of the Shares in issue and Ms Talintyre is interested in 787,291 Shares in the Company, representing 0.32 per cent of the Shares in issue.
- Exercise of options at a price of £1.34 each relating to the 2014 3 Year Sharesave Scheme.
| Name | Number Shares |
| Executive Director | |
| April Talintyre1 | 6,716 |
| Other PDMR | |
| Clive Kornitzer2 | 6,716 |
1 Shares acquired 2 Shares sold
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 | Andrew Golding | |
2 - Reason for the notification
| Position/status | Chief Executive 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 | ||||
| 21 September 2017 | Ordinary shares of £0.01 each | GB00BM7S7K96 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | ||||
| Nature of Transaction: Disposal | Price | Volume | Total | |||||
| £3.919746 | 550,000 | 2,155,860.3 | ||||||
| Aggregated | £3.919746 | 550,000 | 2,155,860.3 | |||||
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 | ||||
| 20 September 2017 | Ordinary shares of £0.01 each | GB00BM7S7K96 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | ||||
| Nature of Transaction: | Price | Volume | Total | |||||
| Acquisition | Aggregated | £1.34 | 6,716 | £8,999.44 | ||||
| Date of Transaction | ||||||||
| 21 September 2017 | Ordinary shares of £0.01 each | GB00BM7S7K96 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | ||||
| Nature of Transaction: Disposal | Price | Volume | Total | |||||
| £3.919746 | 250,000 | 979,936.5 | ||||||
| Aggregated | £3.919746 | 250,000 | 979,936.5 | |||||
1 - Details of the person discharging managerial responsibilities / person closely associated
| Name of natural person | Clive Kornitzer |
2 - Reason for the notification
| Position/status | 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 | ||||
| 20 September 2017 | Ordinary shares of £0.01 each | GB00BM7S7K96 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | ||||
| Nature of Transaction: Acquisition | Price | Volume | Total | |||||
| £1.34 | 6,716 | £8,999.44 | ||||||
| Aggregated | £1.34 | 6,716 | £8,999.44 | |||||
| Disposal | £1.34 | 6,716 | £8,999.44 | |||||
| Aggregated | £1.34 | 6,716 | £8,999.44 | |||||
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 ('PRA'), part of the Bank of England, and regulated by the Financial Conduct Authority ('FCA') and PRA.
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 access to a securitisation programme, the Funding for Lending Scheme and the Term Funding Scheme, which OSB joined in 2014 and 2016, respectively.
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