REG-OneSavings Bank plc : Director/PDMR Shareholding <Origin Href="QuoteRef">OSBO.L</Origin>

OsbAnnouncement

26/05/2017 16:15

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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 Transaction  Financial Instrument                                                           Identification Code     Place of Transaction      Currency                
    25 May 2017          Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities  XS1617418501            Euronext                  GBP - British Pound     
    Nature of Transaction:   Acquisition                                                                            Price                    Volume                   Total       
                         £1.00                                                                                      200,000                  £200,000     
                         £1.045                                                                                     300,000                  £313,500     
    Aggregated           £1.027                                                                                     500,000                  £513,500     
                                                                                                                                                                                  

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