ONESAVINGS BANK PLC Onesavings Bank Plc : Director/Pdmr Shareholding
26 Mai 2017 - 5:13PM
UK Regulatory
TIDMOSB
OneSavings Bank plc
(the 'Company')
Notification of a Transaction of a Person Discharging Managerial
Responsibilities ("PDMR") and person closely associated with the PDMR
The Company notifies the following acquisition by Tim Hanford, a PDMR,
of 500,000 Fixed Rate Resetting Perpetual Subordinated Contingent
Convertible Securities.
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 Tim Hanford
2 - Reason for the notification
Position/status Non-executive 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 Financial Instrument Identification Place of Currency
Transaction Code Transaction
25 May 2017 Fixed Rate Resetting Perpetual Subordinated Contingent XS1617418501 Euronext GBP - British Pound
Convertible Securities
Nature of Transaction: Price Volume Total
Acquisition
GBP1.00 200,000 GBP200,000
GBP1.045 300,000 GBP313,500
Aggregated GBP1.027 500,000 GBP513,500
Enquiries:
OneSavings Bank plc
Nickesha Graham-Burrell, Deputy Company Secretary t: 01634 835 796
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 access to a
securitisation programme; and the Funding for Lending Scheme and Term
Funding Scheme, which OSB joined in 2014 and 2016, respectively.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: OneSavings Bank plc via Globenewswire
http://www.osb.co.uk/
(END) Dow Jones Newswires
May 26, 2017 11:13 ET (15:13 GMT)
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