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United States

OneSavings Bank PLC (OSBO.L)

OSBO.L on London Stock Exchange

410.80GBp
22 Jun 2018
Change (% chg)

10.00 (+2.50%)
Prev Close
400.80
Open
403.00
Day's High
412.00
Day's Low
401.60
Volume
588,647
Avg. Vol
887,195
52-wk High
429.80
52-wk Low
356.00

Latest Key Developments (Source: Significant Developments)

Onesavings Bank Says FY ‍Underlying Pretax Profit rose 21 Pct
Thursday, 15 Mar 2018 03:00am EDT 

March 15 (Reuters) - Onesavings Bank Plc ::FY ‍UNDERLYING PROFIT BEFORE TAX(1 )INCREASED 21% TO £167.7M​.FY ‍LOAN BOOK GROWTH OF 23% TO £7.3BN​.FY ‍EXPECT TO DELIVER NET LOAN BOOK GROWTH IN MID-TEENS IN 2018​.FY ‍EXPECT TO DELIVER NIM OF C. 3% IN 2018​.FY ‍ANTICIPATE A COST TO INCOME RATIO OF C. 30% FOR 2018​.FY NET INTEREST MARGIN AT 316BPS VERSUS 316BPS LAST YEAR.FY ‍COMMON EQUITY TIER 1 ('CET1') CAPITAL RATIO TO 13.7% (2016: 13.3%)​.FY RETURN ON EQUITY AT 28 PERCENT VERSUS 29 PERCENT IN 2016.‍START 2018 WITH A FULLY LOADED CET1 RATIO OF 13.7%​.RECOMMENDED FINAL DIVIDEND OF 9.3 PENCE PER SHARE GIVING A FULL YEAR DIVIDEND OF 12.8 PENCE PER SHARE.‍ANTICIPATE MAINTAINING A CET1 RATIO AT A MINIMUM 12% GOING FORWARD​.‍DIVIDEND POLICY FOR 2018 REMAINS PAYOUT RATIO OF AT LEAST 25% OF UNDERLYING PROFIT AFTER TAXATION ATTRIBUTABLE TO SHAREHOLDERS​.  Full Article

JC Flowers sells 10 percent of OneSavings Bank shares ​
Tuesday, 9 Jan 2018 12:27pm EST 

Jan 9 (Reuters) - Onesavings Bank Plc ::‍ACCELERATED BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF APPROXIMATELY 24.3 MILLION EXISTING ORDINARY SHARES IN ONESAVINGS BANK PLC ON BEHALF OF FUNDS MANAGED AND ADVISED BY J.C. FLOWERS & CO. LLC ​.TRANSACTION REPRESENTS APPROXIMATELY 10 PERCENT OF BANK'S ISSUED SHARE CAPITAL‍​.‍IN PARALLEL WITH BOOKBUILD, A NUMBER OF EXISTING ORDINARY SHARES IN ONESAVINGS BANK HELD ON BEHALF OF JCF FUNDS EQUAL TO APPROX. 9% OF NUMBER TO BE SOLD UNDER BOOKBUILD PROCESS WILL BE DISTRIBUTED TO CERTAIN INVESTORS IN JCF FUNDS ​.  Full Article

OneSavings Bank sees full year net loan book growth of about 20 pct
Wednesday, 8 Nov 2017 02:00am EST 

Nov 8 (Reuters) - ONESAVINGS BANK PLC ::LOAN BOOK GROWTH OF 17% FOR NINE MONTHS TO 30 SEPTEMBER 2017 WITH NET LOANS AND ADVANCES GROWING BY £997M TO £6.9BN DURING PERIOD​.‍A RECORD QUARTER FOR ORGANIC ORIGINATIONS OF £677M IN THREE MONTHS TO 30 SEPTEMBER 2017​.‍TO DATE GROUP HAS DRAWN A TOTAL OF £1BN UNDER TERM FUNDING SCHEME AND DRAWINGS UNDER FUNDING FOR LENDING SCHEME HAVE BEEN REDUCED TO £92M​.‍EXPECT NET LOAN BOOK GROWTH OF C. 20% FOR FULL YEAR IN 2017​.‍EXPECT KEEPING NIM FOR FULL YEAR BROADLY FLAT TO 2016 AND COST TO INCOME RATIO BROADLY FLAT TO FIRST HALF​.‍"AS WE CONTINUE TO FOCUS ON PROFESSIONAL LANDLORDS AND INCREASE OUR MARKET SHARE. WE EXPECT LOAN BOOK GROWTH OF C.20% FOR FULL YEAR"-CEO​.  Full Article

J.C. Flowers discloses 21.54 pct stake in OneSavings Bank- filing
Friday, 6 Oct 2017 05:20am EDT 

Oct 6 (Reuters) - Onesavings Bank Plc :J. CHRISTOPHER FLOWERS DISCLOSES 21.54 PERCENT STAKE IN CO- FILING.  Full Article

JC Flowers sells 8 pct stake in Onesavings Bank for 75 mln pounds
Wednesday, 4 Oct 2017 02:06am EDT 

Oct 4 (Reuters) - Onesavings Bank Plc :Funds managed and advised by J.C. Flowers & Co have sold 20 million shares in Onesavings Bank, representing around 8 pct of the share capital.Shares were sold at 375 pence per share, equating to gross proceeds of 75 million pounds.  Full Article

Block trade-OneSavings Bank Plc-Bookrunner launches accelerated bookbuild offering of about 20 mln shares
Tuesday, 3 Oct 2017 11:43am EDT 

Oct 3 (Reuters) - Block Trade-OneSavings Bank Plc-:Block Trade-OneSavings Bank Plc- bookrunner launches accelerated bookbuild offering of about 20 million existing shares in OneSavings Bank Plc​.  Full Article

OneSavings Bank posts H1 underlying pretax profit of 78.4 million pounds
Thursday, 24 Aug 2017 02:00am EDT 

Aug 24 (Reuters) - ONESAVINGS BANK PLC ::H1 UNDERLYING PRETAX PROFIT 78.4 MILLION POUNDS VERSUS 65.3 MILLION POUNDS IN H1 2016.LOAN BOOK GROWTH OF 10%, DRIVEN BY 26% GROWTH IN GROSS ORGANIC ORIGINATION TO £1,229M (1H 2016: £973M).H1 NET INTEREST MARGIN ('NIM')(4) OF 322BPS (1H 2016: RESTATED(2) 309BPS).H1 LOAN LOSS RATIO(5) OF 4BPS (1H 2016: 18BPS).H1 FULLY-LOADED COMMON EQUITY TIER 1 ('CET1') CAPITAL RATIO STRENGTHENED TO 13.7% (FY 2016: 13.3%).H1 RETURN ON EQUITY(6 )OF 28% (1H 2016: 29%) DESPITE HIGHER AVERAGE CAPITAL LEVELS.H1 INTERIM DIVIDEND OF 3.5P PER SHARE, UP 21% (1H 2016: 2.9P).FOCUS ON PROFESSIONAL LANDLORDS CONTINUES TO POSITION US WELL-CEO.EXPECTED FURTHER SHIFT IN BUY-TO-LET ACTIVITY TOWARDS OUR TARGET MARKET.EXPECT FULL YEAR NET LOAN BOOK GROWTH DRIVEN BY ORGANIC LENDING OF AT LEAST HIGH-TEENS.EXPECT NIM BROADLY FLAT TO 2016 AND COST TO INCOME RATIO FOR FULL YEAR BROADLY FLAT TO FIRST HALF.REMAIN CONFIDENT IN UNDERLYING STRENGTH OF PRIVATE RENTED SECTOR.  Full Article

Onesavings Bank appoints David Weymouth as chairman
Monday, 31 Jul 2017 12:15pm EDT 

July 31 (Reuters) - ONESAVINGS BANK PLC ::ANNOUNCES APPOINTMENT OF DAVID WEYMOUTH AS CHAIRMAN, WITH EFFECT FROM 1 SEPTEMBER 2017.DAVID REPLACES MIKE FAIREY WHO, AS PREVIOUSLY STATED, RETIRED AS CHAIRMAN OF BOARD ON 10 MAY 2017.DAVID WILL ALSO CHAIR NOMINATION AND GOVERNANCE COMMITTEE.ROD DUKE, WHO HAS ACTED AS INTERIM NON-EXECUTIVE CHAIRMAN WILL RESUME HIS PREVIOUS ROLE AS SENIOR INDEPENDENT DIRECTOR FROM 1 SEPTEMBER 2017.  Full Article

OneSavings Bank announces final terms of capital issue
Friday, 19 May 2017 09:12am EDT 

May 19 (Reuters) - OneSavings Bank Plc ::Additional tier 1 capital issuance.Final terms of its issue of 60 mln stg fixed rate resetting perpetual subordinated contingent convertible securities.Securities will be subject to full conversion into ordinary shares of OSB in event that its CET1 capital ratio falls below 7 percent.Securities will be issued at 100 pct of their principal amount.Settlement is expected to take place on or about May 25.Net proceeds of issue of securities will be used to further optimise issuer's capital stack.Barclays Bank Plc is acting as sole bookrunner and structuring advisor for issue.  Full Article

OneSavings says 89.65 pct votes back approval of remuneration report
Wednesday, 10 May 2017 07:10am EDT 

May 10 (Reuters) - OneSavings Bank Plc ::89.65 percent votes cash at AGM back approval of the annual statement and remuneration report, 10.35 percent votes cast against.Rodney Duke, senior independent director, will assume role of chairman at conclusion of AGM on an interim basis, until successor is appointed.  Full Article

BRIEF-JC Flowers sells 10 percent of OneSavings Bank shares ​

* ‍ACCELERATED BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF APPROXIMATELY 24.3 MILLION EXISTING ORDINARY SHARES IN ONESAVINGS BANK PLC ON BEHALF OF FUNDS MANAGED AND ADVISED BY J.C. FLOWERS & CO. LLC ​