ONE Savings Bank PLC : Director/PDMR Dealings
OneSavings Bank plc
The Company announces that it has received notifications that the following share sales occurred:
Mr Andy Golding, CEO and Executive Director of the Company, sold 76,323 A Class Shares in OSB HoldCo Limited (corresponding to 237,530 ordinary shares in the Company). The particular sales of the ordinary shares in the Company were as follows:
- On 15 September 2016 100,000 ordinary shares in the Company were sold at an average share price of 266.28p.
- On 16 September 2016 52,135 ordinary shares in the Company were sold at an average share price of 265.01p.
- On 19 September 2016 85,395 ordinary shares in the Company were sold at an average share price of 265.11p.
These disposals are all in relation to the settlement of tax liabilities.
Following these transactions Mr Golding is interested in 1,762,470* ordinary shares in the Company, representing 0.73 per cent of the ordinary shares in issue.
For further information contact:
OneSavings Bank plc
Alastair Pate, Head of Investor Relations t: 01634 838973
Robin Wrench / Simone Selzer t: 020 7404 5959
Notes to Editors
*These references to interests in shares above do not include unvested shares such as deferred share bonus awards, performance share plans or sharesave awards.
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.