Appointment of Broker and Dir

RNS Number : 3162G

Northern Bear Plc

29 January 2010

 



Northern Bear PLC

("Northern Bear" or "the Company")

Appointment of Broker and Directorate Change

Appointment of Broker

The Board of Northern Bear (the "Board") is pleased to announce the appointment of Seymour Pierce 
Limited as the Company's sole broker with immediate effect. Strand Hanson Limited will remain the Company's Nominated Adviser.

Directorate Change

David Jay has resigned from his position on the Board and will leave the Company with immediate effect to pursue other business interests.

Graham Forrest, Northern Bear CEO, said, "All at Northern Bear join me in thanking David for his contribution to the Company and we wish him well in his future endeavours".

"I am now confident that we have both the right management and advisory team in place to build upon the solid foundations we have laid to date. Over the past 18 months we have continued to drive further costs out of the business and we are now well positioned to deliver increasing returns for our shareholders."

**Ends**

For further information please contact:

Northern Bear PLC Graham Forrest - Chief Executive Officer	[phone]
Strand Hanson Limited James Harris / James Spinney Seymour Pierce Limited David Banks/Paul Jewell/Katie Ratner	[phone] [phone]
Hansard Group Limited Adam Reynolds	[phone]

 

END

 

 

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