TIDMOSB
OneSavings Bank plc
(the Company)
Notification of Transactions of Persons Discharging Managerial
Responsibilities (PDMRs) and persons closely associated with the PDMRs
(i) Awards
The Company notifies the following changes in the interests in the
ordinary shares of GBP0.01 each (Shares) of the Company of the Executive
Directors and other PDMRs arising from awards granted under the Deferred
Share Bonus Plan (DSBP) and Performance Share Plan (PSP) on 19 March
2020 at a price of GBP2.5836 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 part of a
participant's annual bonus into Shares. Awards to Executive Directors
will normally vest three years after grant and awards to other PDMRs
will normally vest one year after grant. DSBP awards will not be subject
to performance conditions.
The PSP awards are based on a mixture of internal financial performance
targets, relative total shareholder return and a non-financial risk
metric. The performance targets will be measured over three financial
years with vesting in five equal tranches between three and seven years
following grant. Clawback and malus provisions apply to these Awards.
The Group Remuneration Committee considered whether to reduce the grant
level of the PSP awards in light of the recent share price falls, or to
delay the grant. However, acknowledging that Coronavirus (COVID-19) is
impacting the stock market generally, it determined that the 2020 awards
should be granted at the normal grant level under the policy. It also
decided against delaying the grant, as it was not possible to forecast
when the stock market was likely to stabilise. The Group Remuneration
Committee however has discretion to adjust the vesting level to ensure
that the reward level reflects underlying performance, risk and
individual conduct and in doing so will consider whether there have been
any windfall gains in the event of a swift recovery in the stock market
and company share price.
Name Number of Shares acquired
---------------- -----------------------------
Executive Directors
--------------------------- -------- --------
DSBP PSP TOTAL
---------------- --------- -------- --------
Andrew Golding 114,558 312,935 427,493
---------------- --------- -------- --------
April Talintyre 77,172 212,881 290,053
---------------- --------- -------- --------
Other PDMRs
--------------------------- -------- --------
Jens Bech 33,909 121,002 154,911
---------------- --------- -------- --------
Alan Cleary 32,145 153,983 186,128
---------------- --------- -------- --------
Richard Davis 20,943 0 20,943
---------------- --------- -------- --------
Peter Elcock 32,145 151,783 183,928
---------------- --------- -------- --------
Jason Elphick 24,333 95,101 119,434
---------------- --------- -------- --------
John Gaunt 0 77,992 77,992
---------------- --------- -------- --------
Hasan Kazmi 33,051 101,778 134,829
---------------- --------- -------- --------
Clive Kornitzer 38,186 129,774 167,960
---------------- --------- -------- --------
Lisa Odendaal 23,636 83,136 106,772
---------------- --------- -------- --------
Paul Whitlock 15,447 78,170 93,617
---------------- --------- -------- --------
Richard Wilson 21,883 83,455 105,338
---------------- --------- -------- --------
(ii) Vestings -- Sale to Satisfy Tax Liabilities
The Company also notifies the following changes in the interests in the
ordinary shares of GBP0.01 each (Shares) of the Company of the Executive
Directors and other PDMRs arising from awards vested under the following
plans:
-- 2017 Deferred Share Bonus Plan, which was granted on 16 March 2017 at a
price of GBP4.0754 per Share being the average closing price of the
Shares for the five dealing days leading up to the date of grant.
-- 2017 Performance Share Plan, which was granted on 16 March 2017 at a
price of GBP4.0754 per Share, being the average closing price of the
Shares for the five dealing days leading up to the date of grant; 75.1
per cent of the awards vested.
-- 2019 Deferred Share Bonus Plan, which was granted on 14 March 2019 at a
price of GBP3.9008 per Share being the average closing price of the
Shares for the five dealing days leading up to the date of grant.
The number of shares sold represents the tax liability for each
individual.
Name Number of Shares disposed
------------------------ ------------------------- ------
Executive Directors
------------------------ ------------------------- ------
DSBP PSP TOTAL
---------------- ------ ------------------------- ------
Andrew Golding 23,076 50,769 73,845
---------------- ------ ------------------------- ------
April Talintyre 15,629 26,904 42,533
---------------- ------ ------------------------- ------
Other PDMRs
------------------------ ------------------------- ------
Jens Bech 12,351 22,060 34,411
---------------- ------ ------------------------- ------
Richard Davis 7,540 9,417 16,957
---------------- ------ ------------------------- ------
Jason Elphick 8,819 6,127 14,946
---------------- ------ ------------------------- ------
Hasan Kazmi 10,263 12,454 22,717
---------------- ------ ------------------------- ------
Clive Kornitzer 13,279 18,876 32,155
---------------- ------ ------------------------- ------
Lisa Odendaal 7,414 6,992 14,406
---------------- ------ ------------------------- ------
Richard Wilson 8,059 10,328 18,387
---------------- ------ ------------------------- ------
(iii) Shares purchased by Directors and other PDMRs in the
market.
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 427,493 GBP1,104,470.91
Aggregated GBP2.5836 427,493 GBP1,104,470.91
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ ---------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ ---------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- -------------
GBP1.721785 73,845 GBP127,145.21
------------ ----------- -------------- ------------------------ -------- -------------
Aggregated GBP1.721785 73,845 GBP127,145.21
------------ ----------- -------------- ------------------------ -------- -------------
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 290,053 GBP749,380.93
Aggregated GBP2.5836 290,053 GBP749,380.93
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ------------
GBP1.721785 42,533 GBP73,232.68
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP1.721785 42,533 GBP73,232.68
------------ ----------- -------------- ------------------------ -------- ------------
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 London Stock GBP -- British Pound
2020 shares of Exchange,
GBP0.01 Main Market
each (XLON)
Nature of Transaction: Price Volume Total
Acquisition
GBP1.764186 11,274 GBP19,889.43
------------- --------- ------------
Aggregated GBP1.764186 11,274 GBP19,889.43
-------------- ------------- --------- ------------
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 154,911 GBP400,228.06
Aggregated GBP2.5836 154,911 GBP400,228.06
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ------------
GBP1.721785 34,411 GBP59,248.34
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP1.721785 34,411 GBP59,248.34
------------ ----------- -------------- ------------------------ -------- ------------
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)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 186,128 GBP480,880.30
Aggregated GBP2.5836 186,128 GBP480,880.30
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 20,943 GBP54,108.33
Aggregated GBP2.5836 20,943 GBP54,108.33
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ------------
GBP1.721785 16,957 GBP29,196.31
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP1.721785 16,957 GBP29,196.31
------------ ----------- -------------- ------------------------ -------- ------------
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, CCFS
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
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 183,928 GBP475,196.38
Aggregated GBP2.5836 183,928 GBP475,196.38
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
------------ ----------- ---------------- ----------------- --------------------
20 March Ordinary GB00BM7S7K96 London Stock GBP -- British
2020 shares Exchange, Main Pound
of GBP0.01 Market (XLON)
each
------------ ----------- ---------------- ----------------- --------------------
Nature of Transaction: Price Volume Total
Acquisition
------------------------- -------------- ----------------- -------- ------------
GBP2.25223 8,214 GBP18,499.82
------------ ----------- -------------- ----------------- -------- ------------
Aggregated GBP2.25223 8,214 GBP18,499.82
------------ ----------- -------------- ----------------- -------- ------------
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 119,434 GBP308,569.68
Aggregated GBP2.5836 119,434 GBP308,569.68
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ------------
GBP1.721785 14,946 GBP25,733.80
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP1.721785 14,946 GBP25,733.80
------------ ----------- -------------- ------------------------ -------- ------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person John Gaunt
2 - Reason for the notification
Position/status Group 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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 77,992 GBP201,500.13
Aggregated GBP2.5836 77,992 GBP201,500.13
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, OSB
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
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 134,829 GBP348,344.20
Aggregated GBP2.5836 134,829 GBP348,344.20
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ------------
GBP1.721785 22,717 GBP39,113.79
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP1.721785 22,717 GBP39,113.79
------------ ----------- -------------- ------------------------ -------- ------------
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 167,960 GBP433,941.46
Aggregated GBP2.5836 167,960 GBP433,941.46
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ -----------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ -----------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ---------
GBP1.721785 32,155 GBP55,364
------------ ----------- -------------- ------------------------ -------- ---------
Aggregated GBP1.721785 32,155 GBP55,364
------------ ----------- -------------- ------------------------ -------- ---------
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 Chief Internal Auditor
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
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 106,772 GBP275,856.14
Aggregated GBP2.5836 106,772 GBP275,856.14
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares Main Market (XLON) Pound
of GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Disposal
------------------------- -------------- ------------------------ -------- ------------
GBP1.721785 14,406 GBP24,804.03
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP1.721785 14,406 GBP24,804.03
------------ ----------- -------------- ------------------------ -------- ------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Paul Whitlock
2 - Reason for the notification
Position/status Group Managing 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)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 Outside a GBP -- British Pound
2020 shares of trading
GBP0.01 venue
each
Nature of Transaction: Price Volume Total
Acquisition
GBP2.5836 93,617 GBP241,868.88
Aggregated GBP2.5836 93,617 GBP241,868.88
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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
----------- --------------- ---------------- ---------------- ----------------------
19 March Ordinary shares GB00BM7S7K96 Outside a GBP -- British
2020 of GBP0.01 trading venue Pound
each
----------- --------------- ---------------- ---------------- ----------------------
Nature of Transaction: Price Volume Total
Acquisition
---------------------------- -------------- ---------------- --------- -------------
GBP2.5836 105,338 GBP272,151.26
----------- --------------- -------------- ---------------- --------- -------------
Aggregated GBP2.5836 105,338 GBP272,151.26
----------- --------------- -------------- ---------------- --------- -------------
Date of Financial Identification Place of Currency
Transaction Instrument Code Transaction
----------- --------------- ---------------- -------------- --------------------
19 March Ordinary shares GB00BM7S7K96 London Stock GBP -- British
2020 of GBP0.01 Exchange, Pound
each Main Market
(XLON)
----------- --------------- ---------------- -------------- --------------------
Nature of Transaction: Price Volume Total
Disposal
---------------------------- -------------- -------------- -------- ------------
GBP1.721785 18,387 GBP31,658.46
----------- --------------- -------------- -------------- -------- ------------
Aggregated GBP1.721785 18,387 GBP31,658.46
----------- --------------- -------------- -------------- -------- ------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person David Weymouth
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 Currency
Transaction Instrument Code Transaction
19 March Ordinary GB00BM7S7K96 London Stock GBP -- British Pound
2020 shares of Exchange,
GBP0.01 Main Market
each (XLON)
Nature of Transaction: Price Volume Total
Acquisition
GBP1.731000 5,500 GBP9,520.50
------------- ---------- -----------
Aggregated GBP1.731000 5,500 GBP9,520.50
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Valeryane Elphick
2 - Reason for the notification
Position/status Spouse of Jason Elphick - 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 213800WTQKOQI8ELD692
code
4 - Details of the transaction(s)
Transaction(s) summary table
Date of Financial Identification Place of Transaction Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ --------------------
20 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares of Main Market (XLON) Pound
GBP0.01
each
------------ ----------- ---------------- ------------------------ --------------------
Nature of Transaction: Price Volume Total
Acquisition
------------------------- -------------- ------------------------ -------- ------------
GBP2.26516 8,608 GBP19,498.50
------------ ----------- -------------- ------------------------ -------- ------------
Aggregated GBP2.26516 8,608 GBP19,498.50
------------ ----------- -------------- ------------------------ -------- ------------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Mary McNamara
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 Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ -----------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares of Main Market (XLON) Pound
GBP0.01
each
------------ ----------- ---------------- ------------------------ -----------------
Nature of Transaction: Price Volume Total
Acquisition
------------------------- -------------- ------------------------ -------- ---------
GBP1.73 17,000 GBP29,410
------------ ----------- -------------- ------------------------ -------- ---------
Aggregated GBP1.73 17,000 GBP29,410
------------ ----------- -------------- ------------------------ -------- ---------
1 - Details of the person discharging managerial responsibilities /
person closely associated
Name of natural person Paul Whittaker
2 - Reason for the notification
Position/status Spouse of Mary McNamara - 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 Currency
Transaction Instrument Code
------------ ----------- ---------------- ------------------------ -----------------
19 March Ordinary GB00BM7S7K96 London Stock Exchange, GBP -- British
2020 shares of Main Market (XLON) Pound
GBP0.01
each
------------ ----------- ---------------- ------------------------ -----------------
Nature of Transaction: Price Volume Total
Acquisition
------------------------- -------------- ------------------------ -------- ---------
GBP1.73 27,500 GBP47,575
------------ ----------- -------------- ------------------------ -------- ---------
Aggregated GBP1.73 27,500 GBP47,575
------------ ----------- -------------- ------------------------ -------- ---------
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 (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
March 23, 2020 03:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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