ONESAVINGS BANK PLC Director/Pdmr Shareholding
October 09 2019 - 9:59AM
UK Regulatory
TIDMOSB
OneSavings Bank plc
(the Company)
Notification of Transactions of Persons Discharging Managerial
Responsibilities (PDMRs) and persons closely associated with the PDMRs
The Company notifies that following completion of the combination
between the Company and Charter Court Financial Services (CCFS) the
following changes in the interests in the ordinary shares of GBP0.01
each (Shares) of the Company of the PDMRs.
(i) Beneficial holdings
Directors Number of Shares held
------------------------------ ---------------------
Sir George Malcolm Williamson 71,764
------------------------------ ---------------------
Rajan Kapoor 8,970
------------------------------ ---------------------
Ian Ward 35,882
------------------------------ ---------------------
Other PDMRs
------------------------------ ---------------------
Alan Cleary 1,517,157
------------------------------ ---------------------
Peter Elcock 74,291
------------------------------ ---------------------
John Nixon 1,758,480
------------------------------ ---------------------
Paul Whitlock 76,099
------------------------------ ---------------------
(ii) Awards
The Company granted awards under the Mirror Performance Share Plan. The
number of shares awarded was calculated using the following formula:
(N*I)*0.8253
Where N is the number of CCFS shares that were subject to the
corresponding PSP Award and I is the inverse of the time-based pro rata
vesting proportion applied at the Sanction Date.
The PSP awards are based on a mixture of internal financial performance
targets and relative total shareholder return on the same terms as the
equivalent awards made by the Company in the relevant year. Clawback and
malus provisions apply to these Awards and they will be subject to a two
year retention period post vesting.
Name Number of Awards granted
-------------- ----------------------------
PDMR 2018 PSP 2019 PSP Total
-------------- --------- -------- -------
Alan Cleary 30,822 70,226 101,048
-------------- --------- -------- -------
Peter Elcock 30,822 70,226 101,048
-------------- --------- -------- -------
John Nixon 30,822 70,226 101,048
-------------- --------- -------- -------
Paul Whitlock 13,801 33,745 47,546
-------------- --------- -------- -------
(iii) Roll over sharesave options
Some sharesave options over CCFS shares have also been rolled over to
the Company.
Number of roll
Name over options granted
-------------- ---------------------
PDMR 2017 Sharesave
-------------- ---------------------
Alan Cleary 7,944
-------------- ---------------------
Peter Elcock 7,944
-------------- ---------------------
John Nixon 7,944
-------------- ---------------------
Paul Whitlock 7,944
-------------- ---------------------
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 Sir George Malcolm Williamson
2 - Reason for the notification
Position/status Chairman
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
Transaction Instrument Code Transaction Currency
Ordinary
shares of outside a
4 October GBP0.01 trading GBP -- British
2019 each GB00BM7S7K96 venue Pound
Nature of Transaction:
Acquisition Price Volume Total
GBP0.00 71,764 0.00
Aggregated GBP0.00 71,764 0.00
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
Transaction Instrument Code Transaction Currency
Ordinary
shares of outside a
4 October GBP0.01 trading GBP -- British
2019 each GB00BM7S7K96 venue Pound
Nature of Transaction:
Acquisition Price Volume Total
GBP0.00 8,970 0.00
Aggregated GBP0.00 8,970 0.00
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Ian Ward
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
Transaction Instrument Code Transaction Currency
Ordinary
shares of outside a
4 October GBP0.01 trading GBP -- British
2019 each GB00BM7S7K96 venue Pound
Nature of Transaction:
Acquisition Price Volume Total
GBP0.00 35,882 0.00
Aggregated GBP0.00 35,882 0.00
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Alan Cleary
2 - Reason for the notification
Position/status Group Managing Director, Mortgages
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)
Date of Financial Identification Place of
Transaction Instrument Code Transaction Currency
------------ ---------------- ---------------- --------------- ----------------
Ordinary shares
4 October of GBP0.01 outside a GBP -- British
2019 each GB00BM7S7K96 trading venue Pound
------------ ---------------- ---------------- --------------- ----------------
Nature of Transaction:
Acquisition Price Volume Total
------------------------------ --------------- ---------------- --------- -----
GBP0.00 1,626,149 0.00
---------------- --------- -----
Aggregated GBP0.00 1,626,149 0.00
--------------- ---------------- --------- -----
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Peter Elcock
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of
Transaction Instrument Code Transaction Currency
Ordinary
shares of outside a
4 October GBP0.01 trading GBP -- British
2019 each GB00BM7S7K96 venue Pound
Nature of Transaction:
Acquisition Price Volume Total
GBP0.00 183,283 0.00
Aggregated GBP0.00 183,283 0.00
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person John Nixon
2 - Reason for the notification
Position/status 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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of
Transaction Instrument Code Transaction Currency
------------ ---------------- ---------------- --------------- ----------------
Ordinary shares
4 October of GBP0.01 outside a GBP -- British
2019 each GB00BM7S7K96 trading venue Pound
------------ ---------------- ---------------- --------------- ----------------
Nature of Transaction:
Acquisition Price Volume Total
------------------------------ --------------- ---------------- --------- -----
GBP0.00 1,867,472 0.00
---------------- --------- -----
Aggregated GBP0.00 1,867,472 0.00
--------------- ---------------- --------- -----
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Paul Whitlock
2 - Reason for the notification
Position/status Executive Director, Savings
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)
Date of Financial Identification Place of
Transaction Instrument Code Transaction Currency
------------ ---------------- ---------------- --------------- ----------------
Ordinary shares
4 October of GBP0.01 outside a GBP -- British
2019 each GB00BM7S7K96 trading venue Pound
------------ ---------------- ---------------- --------------- ----------------
Nature of Transaction:
Acquisition Price Volume Total
------------------------------ --------------- ---------------- --------- -----
GBP0.00 131,589 0.00
---------------- --------- -----
Aggregated GBP0.00 131,589 0.00
--------------- ---------------- --------- -----
Enquiries:
OneSavings Bank plc
Nickesha Graham-Burrell, t: 01634 835 796
Head of Company Secretariat
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, secured funding lines and asset
finance. 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.
(END) Dow Jones Newswires
October 09, 2019 09:59 ET (13:59 GMT)
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