OneSavings Bank plc : Director/PDMR Shareholding

OneSavings Bank plc
(the Company)

Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with the PDMRs

1. Awards

The Company notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the Executive Directors and other PDMRs arising from awards granted under the Deferred Share Bonus Plan (DSBP) on 15 March 2018 at a price of £4.1560 per Share being the average closing price of the Shares for the five dealing days leading up to the date of grant.

The purpose of the DSBP is to facilitate the deferral of all or part of a participant's annual bonus into Shares.  Awards will normally vest three years after grant, provided that the participant remains employed by the Company. DSBP awards will not be subject to performance conditions. 

Name	Number Shares acquired
Executive Directors
Andrew Golding	50,108
April Talintyre	33,208
Other PDMRs
Jens Bech	21,849
Richard Davis	12,431
John Eastgate	20,485
Jason Elphick	13,750
Hasan Kazmi	18,964
Clive Kornitzer	21,704
Lisa Odendaal	12,994
Richard Wilson	12,294

1. Vestings

The Company also notifies the following changes in the interests in the ordinary shares of £0.01 each (Shares) of the Company of the Executive Directors and other PDMRs arising from awards vested under the Deferred Share Bonus Plan (DSBP) and Performance Share Plan (PSP) on 19 March 2018. The awards vested in full and were granted on 18 March 2015 at a price of £2.19  per Share being the average closing price of the Shares for the five dealing days leading up to the date of grant.

Name	Number Shares disposed
Executive Directors
Andrew Golding	120,111
April Talintyre	84,333
Other PDMRs
Jens Bech	53,631
Richard Davis	24,090
John Eastgate	81,929
Clive Kornitzer	92,462
Richard Wilson	42,969

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
	15 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		50,108		£208,248.85
			Aggregated	£4.1560		50,108		£208,248.85

	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Disposal			Price		Volume		Total
				£3.7494		120,111		£450,344.18
			Aggregated	£3.7494		120,111		£450,344.18

  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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		33,208		£138,012.45
			Aggregated	£4.1560		33,208		£138,012.45

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£3.7494		84,333		£316,198.15
			Aggregated	£3.7494		84,333		£316,198.15

  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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		21,849		£90,804.44
			Aggregated	£4.1560		21,849		£90,804.44

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£3.7494		53,631		£201,084.07
			Aggregated	£3.7494		53,631		£201,084.07

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

Name of natural person

Richard Davis

2 - Reason for the notification

Position/status	Chief Information 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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		12,431		£51,663.24
			Aggregated	£4.1560		12,431		£51,663.24

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£3.7494		24,090		£90,323.05
			Aggregated	£3.7494		24,090		£90,323.05

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

Name of natural person

John Eastgate

2 - Reason for the notification

Position/status	Sales & Marketing 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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		20,485		£85,135.66
			Aggregated	£4.1560		20,485		£85,135.66

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£3.7494		81,929		£307,184.59
			Aggregated	£3.7494		81,929		£307,184.59

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

Name of natural person

Jason Elphick

2 - Reason for the notification

Position/status	Group General Counsel and Company Secretary
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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		13,750		£57,145.00
			Aggregated	£4.1560		13,750		£57,145.00

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

Name of natural person

Hasan Kazmi

2 - Reason for the notification

Position/status	Chief Risk 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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		18,964		£78,814.38
			Aggregated	£4.1560		18,964		£78,814.38

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

Name of natural person

Clive Kornitzer

2 - Reason for the notification

Position/status	Group Chief Operating 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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		21,704		£90,201.82
			Aggregated	£4.1560		21,704		£90,201.82

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£3.7494		92,462		£346,677.02
			Aggregated	£3.7494		92,462		£346,677.02

  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 Head of Internal Audit
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 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		12,994		£54,003.06
			Aggregated	£4.1560		12,994		£54,003.06

  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
	15 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1560		12,294		£51,093.86
			Aggregated	£4.1560		12,294		£51,093.86

	Date of Transaction	Financial Instrument	Identification Code		Place of Transaction		Currency
	20 March 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:  Disposal			Price		Volume		Total
				£3.7494		42,969		£161,107.97
			Aggregated	£3.7494		42,969		£161,107.97

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 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 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 Term Funding Scheme.

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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