10th May 2018 10:09
LONDON (Alliance News) - Jefferies International Ltd said Thursday that funds managed by JC Flowers & Co LLC sold 19.0 million shares, an 8% stake, in OneSavings Bank PLC at 416 pence per share, equating to gross proceeds of GBP80 million.
Shares in the FTSE 250-listed lending and retail savings company were trading 1.4% higher at 424.00 pence Thursday morning.
OneSavings Bank did not receive any proceeds from the placing.
On Wednesday, the bank had said its "strong financial and operational performance" continued in the first quarter of the year and retained its guidance for 2018.
For the three months to March 31, the company recorded loan book growth of 5%. With net loans and advances growing by GBP368 million to GBP7.70 billion during the quarter.
Related Shares:
OneSavings Bank