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

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 Performance Share Plan (PSP) on 24 May 2018 at a price of £4.1956 per Share, being the average closing price of the Shares for the five dealing days leading up to the date of grant.

The Awards are based on a mixture of internal financial performance targets and relative total shareholder return.  The performance targets will be measured over three financial years.  Clawback and malus provisions apply to these Awards and they will be subject to a two year retention period post vesting.

Name	Number of Shares acquired
Executive Directors
Andrew Golding	180,439
April Talintyre	121,005
Other PDMRs
Jens Bech	66,790
Richard Davis	41,451
John Eastgate	53,937
Jason Elphick	47,693
Hasan Kazmi	55,897
Clive Kornitzer	57,149
Lisa Odendaal	39,959
Richard Wilson	43,826

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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		180,439		£757,049.87
			Aggregated	£4.1956		180,439		£757,049.87

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		121,005		£507,688.58
			Aggregated	£4.1956		121,005		£507,688.58

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		66,790		£280,224.12
			Aggregated	£4.1956		66,790		£280,224.12

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		41,451		£173,911.82
			Aggregated	£4.1956		41,451		£173,911.82

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		53,937		£226,298.08
			Aggregated	£4.1956		53,937		£226,298.08

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		47,693		£200,100.75
			Aggregated	£4.1956		47,693		£200,100.75

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		55,897		£234,521.45
			Aggregated	£4.1956		55,897		£234,521.45

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		57,149		£239,774.34
			Aggregated	£4.1956		57,149		£239,774.34

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		39,959		£167,651.98
			Aggregated	£4.1956		39,959		£167,651.98

  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
	24 May 2018	Ordinary shares of £0.01 each	GB00BM7S7K96		London Stock Exchange, Main Market (XLON)		GBP - British Pound
	Nature of Transaction:   Acquisition			Price		Volume		Total
				£4.1956		43,826		£183,876.37
			Aggregated	£4.1956		43,826		£183,876.37

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 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.

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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