ONESAVINGS BANK PLC Director/Pdmr Shareholding
12 Juni 2020 - 5:17PM
UK Regulatory
TIDMOSB
LEI: 213800WTQKOQI8ELD692
OneSavings Bank plc
(the Company)
Notification of Transaction of a Person Discharging Managerial
Responsibilities (PDMR)
The Company has been notified that Alan Cleary, a PDMR, sold ordinary
shares at a price of GBP3.06154 each.
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 Alan Cleary
2 - Reason for the notification
Position/status Group Managing Director, Mortgages
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
----------- ----------- ---------------- ----------------- ----------------------
12 June Ordinary GB00BM7S7K96 London Stock GBP -- British
2020 shares of Exchange, Main Pound
GBP0.01 Market (XLON)
each
----------- ----------- ---------------- ----------------- ----------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------ -------------- ----------------- --------- -------------
GBP3.06154 320,595 GBP981,514.42
----------- ----------- -------------- ----------------- --------- -------------
Aggregated GBP3.06154 320,595 GBP981,514.42
----------- ----------- -------------- ----------------- --------- -------------
Enquiries:
OneSavings Bank plc
Nickesha Graham-Burrell, t: 01634 835 796
Head of Company Secretariat
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. On 4 October
2019, OSB acquired Charter Court Financial Services Group plc (CCFS) and
its subsidiary businesses. 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.
OneSavings Bank
OSB primarily targets 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, secured funding lines and asset
finance.
OSB originates mortgages organically via specialist brokers and
independent financial advisers through its specialist brands including
Kent Reliance for Intermediaries, InterBay Commercial and Prestige
Finance. It is differentiated through its use of highly 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 securitisation
programmes, the Term Funding Scheme and the Bank of England Indexed
Long-Term Repo operation.
Charter Court Financial Services Group
CCFS focuses on providing Buy-to-Let and specialist residential
mortgages, mortgage servicing, administration and credit consultancy and
retail savings products. It operates through its three brands -- Precise
Mortgages, Exact Mortgage Experts and Charter Savings Bank.
It is differentiated through risk management expertise and best-of-breed
automated technology and systems, ensuring efficient processing, strong
credit and collateral risk control and speed of product development and
innovation. These factors have enabled strong balance sheet growth
whilst maintaining high credit quality mortgage assets.
CCFS is predominantly funded by retail savings originated through its
Charter Savings Bank brand. Diversification of funding is currently
provided by securitisation programmes, the Term Funding Scheme and the
Bank of England Indexed Long-Term Repo operation.
(END) Dow Jones Newswires
June 12, 2020 11:17 ET (15:17 GMT)
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