ONESAVINGS BANK PLC Director/Pdmr Shareholding

 
TIDMOSB 
 
 
   LEI: 213800WTQKOQI8ELD692 
 
   OneSavings Bank plc 
 
   (the Company) 
 
   Notification of Transactions of a Person Discharging Managerial 
Responsibilities (PDMR) 
 
   The Company has been notified that Rajan Kapoor, a PDMR, purchased 
11,000 ordinary shares at a price of GBP1.90 each. 
 
   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  Rajan Kapoor 
 
 
   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  213800WTQKOQI8ELD692 
 code 
 
 
   4 - Details of the transaction(s) 
 
   Transaction(s) summary table 
 
 
 
 
  Date of      Financial        Identification    Place of        Currency 
  Transaction   Instrument       Code             Transaction 
  -----------  ---------------  ----------------  --------------  ----------------- 
  3 April      Ordinary shares  GB00BM7S7K96      London Stock    GBP -- British 
  2020          of GBP0.01                         Exchange,       Pound 
                each                               Main Market 
                                                   (XLON) 
  -----------  ---------------  ----------------  --------------  ----------------- 
  Nature of Transaction:                        Price           Volume    Total 
   Acquisition 
  ----------------------------  --------------  --------------  --------  --------- 
                                                GBP1.90         11,000    GBP20,900 
  -----------  ---------------  --------------  --------------  --------  --------- 
                                Aggregated      GBP1.90         11,000    GBP20,900 
  -----------  ---------------  --------------  --------------  --------  --------- 
 
 
 
 
 
 
 
 1 - Details of the person discharging managerial responsibilities 
  / person closely associated 
------------------------------------------------------------------ 
 
 
   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 and the 
Bank of England Indexed Long-Term Repo operation. 
 
 
 
 

(END) Dow Jones Newswires

April 06, 2020 12:52 ET (16:52 GMT)

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