For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20171010:nGNE9qwDMM
LEI: 213800WTQKOQI8ELD692
OneSavings Bank plc
(the Company)
Notification of Transaction of a Person Discharging Managerial
Responsibilities (PDMRs)
The Company notifies the following change in the interests of a PDMR in the
ordinary shares of £0.01 each (Shares) of the Company.
Name Number of Shares acquired
David Weymouth 13,178
1 - Details of the person discharging managerial responsibilities / person
closely associated
Name of natural person David Weymouth
2 - Reason for the notification
Position/status Chairman
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
9 October 2017 Ordinary shares of £0.01 each GB00BM7S7K96 London Stock Exchange, Main Market (XLON) GBP - British Pound
Nature of Transaction: Acquisition Price Volume Total
£3.79 13,178 49,944.62
Aggregated £3.79 13,178 49,944.62
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
('PRA'), part of the Bank of England, and regulated by the Financial Conduct
Authority ('FCA') and PRA.
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, the Funding for Lending Scheme and the 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