OneSavings Bank plc : Director/PDMR Shareholding

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.

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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