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

OsbAnnouncement

16/06/2016 15:05

      
OneSavings Bank plc
  
(the 'Company')
  
PDMR share Dealings
  
The Company announces that:
    
On 10 June 2016, Awards made under the OneSavings Bank plc Executive Share Incentive Plan vested for persons discharging managerial responsibilities ('PDMRs') as detailed below:
                                            
   Number   of shares vested   
   Price (p)   
   Richard   Davis   
   130,439   
   307   
   Richard   Wilson   
   130,439   
   307   
    
Subsequent to vesting the Company was notified on 15 June 2016 that the following sales took place on 15 June 2016, in part to satisfy personal Tax and NI liabilities arising on the Awards' vesting:
                                                              
   Number   of shares sold   
   Price (p)   
   

   Interest in Company
shares at 15 June 2016      
   % of issued share capital   
   Richard   Davis   
   82,349   
   299.99496   
   290,633   
   0.12   
   Richard   Wilson   
   96,799   
   299.99496   
   281,269    
   0.12   
    
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#2021289