10th Jun 2015 10:22
LONDON (Alliance News) - OneSavings Bank PLC Wednesday said that RBC Capital Markets has placed nearly 5.8 million shares at 298 pence a share, a 2.3% stake in the business, on behalf of the bank's management and staff.
The management and staff will hold nearly 6.2 million shares, or a 2.5% stake in the bank, after the sale.
The sale comes after the lock-up period following its initial public offering last June ended.
It said Chief Executive Andy Golding sold 1.8 million shares, and now has 2.25 million shares, while Chief Financial Officer April Talintyre sold 750,000 shares and is left with 962,042.
OneSavings Bank shares were down 4.5% at 305.75 pence Wednesday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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