Directorate Changes

RNS Number : 9961R

Northern Bear Plc

11 November 2021

 

11 November 2021

Northern Bear plc

("Northern Bear" or the "Company")

Directorate Changes

Northern Bear, the AIM listed group of companies (together, the "Group") providing specialist building and support services to customers in Northern England and across the UK, is pleased to announce the appointments of Harry Samuel and Anil Khera to the Board as non-executive directors of the Company with immediate effect.

Mr Khera began his career at Credit Suisse, within DLJ Real Estate Capital Partners, before joining Blackstone's real estate investment team in 2006 where he spent 10 years, becoming a managing director of the Real Estate Capital Markets team in 2011. In 2016, Mr Khera founded Node Living, a fully integrated residential investment, development and management company based in London which operates across Europe and North America.

Mr Samuel spent over 20 years across various leadership roles within Royal Bank of Canada (RBC). This included roles as Global Head of Funding and Liquidity Asset Management, Foreign Exchange and Commodities, and Fixed Income and Currencies, before becoming CEO of RBC Capital Markets Europe in 2011 and subsequently CEO of RBC Investor & Treasury Services and Chair of RBC's European Executive Committee from 2013 to 2019. Mr Samuel currently serves as CEO of Affordable Housing Communities Limited and Managing Director of Affordable Housing and Healthcare Group Limited, a leading UK developer, constructor and operator of shared ownership communities working in partnership with local authorities, NHS Trusts and institutional investors to create socially impactful developments.

The Company also announces that, further to the Company's announcement of 24 August 2021, John Holroyd has retired from the Board.

Jeff Baryshnik, Non-Executive Chairman of Northern Bear, commented :

"We are delighted to welcome Harry and Anil to the Board, who bring significant corporate, financial and real estate experience to the Company. I look forward to working with them going forward to create value for shareholders."

"We would like to thank John for his contributions to the Company, and we wish him well in his other pursuits."

For further information, please contact:

Northern Bear PLC Jeff Baryshnik - Non-Executive Chairman Tom Hayes - Finance Director	[phone]
Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Bellman	[phone]

Further information on the Director Appointees :

The following details in relation to the appointment of the Director Appointees are disclosed in accordance with AIM Rule 17 and Schedule Two, paragraph (g)of the AIM Rules for Companies:

Mr Anil Khera (aged 43) has held the following directorships and/or partnerships in the past five years:

Current Directorships	Past Directorships (last five years)
Node Brixton Topco Limited	Node Living Bradford Limited
Node London Brixton Limited	Pipe Village Trust
Node Property Management UK Limited	Bluebutton Property Management UK Limited
Node Living Manchester Limited
Node Living Sh Limited
Node Living UK Limited
Node Living Leeds Limited
Node Living London Limited
Node Living Shipley Limited
Uppah Ltd
Node Europe Topco Limited
Node Europe Holdings Limited
Node GP Co Limited
Node IP Co Limited
Node Ireland Holdings Limited
Node Ireland Limited
Node Dublin Limited
Node Property Management (Ireland) Limited
Node Property Management Canada Inc
Northumberland Capital Inc.
Node Kitchener Inc.
Node Property Management Spain S.L.
Node Canada Living Inc.
Northumberland Capital, LP
Northumberland Capital General LLC
Node Property Management (USA) LLC
Node USA General LLC
Node USA Holdco General LLC
Node USA Holdco LP
Node Property Investments LP
Node Seattle Queen Anne General LLC
Node Seattle Queen Anne LP
Node Los Angeles Sunset General LLC
Node Los Angeles Sunset LP
Node Los Angeles Everett General LLC
Los Angeles Sunset II LP
Node Brooklyn Holdco LP
Node Brooklyn Eldert General LLC
Node Brooklyn Eldert, LP
Node Brooklyn Greene General LLC
Node Brooklyn Greene, LP
Node Brooklyn Harman General LLC
Node Brooklyn Harman, LP
Node Brooklyn St Nick General LLC
Node Brooklyn St Nick, LP
Node Brooklyn Weirfield General LLC
Node Brooklyn Weirfield, LP

There is no further information to be disclosed in relation to Anil Khera's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Mr Harry Jacob Samuel (aged 56) has held the following directorships and/or partnerships in the past five years:

Current Directorships	Past Directorships (last five years)
Northeast Midstream LLP	McGill University Trust
Sinai Health System Foundation	RBC Europe Limited
2367718 Ontario Limited	RBC Investor Services Trust
Affordable Housing & Healthcare Investment Management Ltd
Affordable infrastructure UK Ltd
Affordable Housing Communities Limited

There is no further information to be disclosed in relation to Harry Samuel's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

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