REG-ONE Savings Bank PLC : Director/PDMR Shareholding <Origin Href="QuoteRef">OSBO.L</Origin>

OsbAnnouncement

13/05/2016 14:50

OneSavings Bank plc (the "Company") 
 
 2014 Sharesave Scheme ("Sharesave Plan") 
 
 2016 Sharesave Options - Notification of Transactions by Persons Discharging
Managerial Responsibilities 
 
 Pursuant to the notification obligations under Disclosure and Transparency
Rule 3.1.4, the Company granted an option over ordinary shares of 1p each, on
13 May 2016 under the Sharesave Plan to certain PDMRs as follows: 
 
  Name              Options Granted    Exercise date   
  Richard Wilson    4,500              1 July 2019     
  Lisa Odendaal     7,500              1 July 2019     
 
 The Sharesave Plan is an all-employee tax advantaged share plan under
Schedule 3 of the Income Tax (Earnings and Pensions) Act 2003.  All eligible
employees were invited to apply for options.  The option price of £2.40 was
set at a 20% discount to the average market value of a Share over the period
12, 13 and 14 April 2016.  Options become exercisable at the option price on
the date shown above for a period of six months and will then lapse. 
 
 The beneficial interests in the ordinary share capital of the Company of
those PDMRs following the granting of the awards detailed above on 13 May 2016
are: 
 
                       Total Interest in Company shares at 15 May 2015  
    Richard Wilson                                   378,069 (0.16%)  
  Lisa Odendaal                                           7,500 (0.00%)  
 
 Enquiries: 
 
 OneSavings Bank plc 
 
 Alastair Pate t: 01634 838 973 
 
 Brunswick Group 
 
 Robin Wrench / Simone Selzer t: 020 7404 5959 
 
 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 securitisation and participation in the
Funding for Lending Scheme. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX 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: ONE Savings Bank PLC via Globenewswire 
 HUG#2012709