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Director/PDMR Shareholding

OneSavings Bank plc
·6-min read

LEI: 213800WTQKOQI8ELD692

OneSavings Bank plc
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)

The Company notifies the cancellation of options over ordinary shares of £0.01 each of the Company of the Executive Directors and other PDMRs, relating to the 2018 3 Year Sharesave Scheme at a price of £3.3451 each and the 2019 3 Year Sharesave Scheme at a price of £2.65496 each.

Name

Sharesave Scheme

Number of Options Cancelled

Executive Directors

Andrew Golding

2019

6,779

April Talintyre

2019

6,779

Other PDMRs

Jens Bech

2018

2,690

Lisa Odendaal

2019

6,779

Richard Wilson

2019

6,779

The following disclosures are 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

Andrew Golding

2 - Reason for the notification

Position/status

Chief Executive Officer

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

14 October 2020

Ordinary shares of £0.01 each

GB00BM7S7K96

Outside a trading venue

GBP – British Pound

Nature of Transaction:



Cancellation of Options

Price

Volume

Total

£2.65496

6,779

£17,997.97

Aggregated

£2.65496

6,779

£17,997.97

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

April Talintyre

2 - Reason for the notification

Position/status

Chief Financial Officer

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

15 October 2020

Ordinary shares of £0.01 each

GB00BM7S7K96

Outside a trading venue

GBP – British Pound

Nature of Transaction:



Cancellation of Options

Price

Volume

Total

£2.65496

6,779

£17,997.97

Aggregated

£2.65496

6,779

£17,997.97

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Jens Bech

2 - Reason for the notification

Position/status

Group Commercial 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

15 October 2020

Ordinary shares of £0.01 each

GB00BM7S7K96

Outside a trading venue

GBP – British Pound

Nature of Transaction:



Cancellation of Options

Price

Volume

Total

£3.3451

2,690

£8,998.32

Aggregated

£3.3451

2,690

£8,998.32

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Lisa Odendaal

2 - Reason for the notification

Position/status

Group Chief Internal Auditor

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

14 October 2020

Ordinary shares of £0.01 each

GB00BM7S7K96

Outside a trading venue

GBP – British Pound

Nature of Transaction:



Cancellation of Options

Price

Volume

Total

£2.65496

6,779

£17,997.97

Aggregated

£2.65496

6,779

£17,997.97

1 - Details of the person discharging managerial responsibilities / person closely associated

Name of natural person

Richard Wilson

2 - Reason for the notification

Position/status

Group Chief Credit Officer

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

13 October 2020

Ordinary shares of £0.01 each

GB00BM7S7K96

Outside a trading venue

GBP – British Pound

Nature of Transaction:



Cancellation of Options

Price

Volume

Total

£2.65496

6,779

£17,997.97

Aggregated

£2.65496

6,779

£17,997.97

Enquiries:

OneSavings Bank plc
Nickesha Graham-Burrell, Head of Company Secretariat 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. On 4 October 2019, OSB acquired Charter Court Financial Services Group plc (CCFS) and its subsidiary businesses. 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.

OneSavings Bank

OSB primarily targets 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, secured funding lines and asset finance.

OSB originates mortgages organically via specialist brokers and independent financial advisers through its specialist brands including Kent Reliance for Intermediaries, InterBay Commercial and Prestige Finance. It is differentiated through its use of highly 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 programmes, the Term Funding Scheme and the Bank of England Indexed Long-Term Repo operation.


Charter Court Financial Services Group

CCFS focuses on providing Buy-to-Let and specialist residential mortgages, mortgage servicing, administration and credit consultancy and retail savings products. It operates through its three brands – Precise Mortgages, Exact Mortgage Experts and Charter Savings Bank.

It is differentiated through risk management expertise and best-of-breed automated technology and systems, ensuring efficient processing, strong credit and collateral risk control and speed of product development and innovation. These factors have enabled strong balance sheet growth whilst maintaining high credit quality mortgage assets.

CCFS is predominantly funded by retail savings originated through its Charter Savings Bank brand. Diversification of funding is currently provided by securitisation programmes, the Term Funding Scheme, the Term Funding Scheme for SMEs and the Bank of England Indexed Long-Term Repo operation.