OSB Osb Group Plc

 
TIDMOSB 
 
 
   15 May 2017 
 
   OneSavings Bank plc 
 
   (the 'Company') 
 
   OneSavings Bank ("OSB") announces the resignation of Nathan Moss, 
Non-Executive Director 
 
   OneSavings Bank announces today that after three years as a 
Non-Executive Director of the Company, Mr Nathan Moss has tendered his 
resignation from the Board, effective 31 May 2017. Nathan joined the 
Board in May 2014 and is a member of the Audit, Remuneration, and 
Nomination and Governance Committees. 
 
   OSB Chief Executive, Andy Golding said: "I would like to thank Nathan 
for the valuable and constructive contribution he has made to the 
success of OneSavings Bank. Nathan joined the Board prior to our IPO and 
has helped the Bank grow and establish itself as a FTSE250 company. 
Nathan will be missed and I wish him well in the future." 
 
   Nathan Moss said: "I have enjoyed being part of the OneSavings Bank 
success story and wish the Board and Management the very best in 
continuing to build on the success to date." 
 
   Enquiries: 
 
   OneSavings Bank plc 
 
   Alastair Pate t: 01634 838 973 
 
   Brunswick Group 
 
   Robin Wrench / Simone Selzer t: 020 7404 5959 
 
   Notes 
 
   For the purposes of section 430 (2B) of the Companies Act 2006, Nathan 
will receive his pro-rata entitlement to Non-Executive Director fees for 
the month of May 2017. No payment for loss of office will be made to 
him. 
 
   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. 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 underserved 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 Funding for Lending Scheme and Term 
Funding Scheme, which OSB joined in 2014 and 2016, respectively. 
 
   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 
 
 
  http://www.osb.co.uk/ 
 

(END) Dow Jones Newswires

May 15, 2017 09:00 ET (13:00 GMT)

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