Grant of Options

RNS Number : 7300D

Northern Bear Plc

01 April 2014

 



01 April 2014

Northern Bear PLC

("Northern Bear" or the "Company")

Grant of Options

Northern Bear announces that the Company has granted options over, in aggregate, 530,000 ordinary shares of 1p each (the "Ordinary Shares") under an HMRC approved option scheme.

The options are exercisable at 28.5p per share, being the closing price of the Company's Ordinary Shares on 6 March 2014 (being the last day before the Company made the offer of the option grant). These options are exercisable from 7 March 2017 until 7 March 2024, provided that the option holder is still an officer or employee of the Company.

The following Executive Directors of the Company have been granted options:

Director	Number of Options Granted	Total Number of Options Held
Steven Roberts	60,000	60,000
Graham Jennings	60,000	60,000
Keith Soulsby	60,000	60,000
Tom Hayes	10,000	10,000

For further information please contact:

Northern Bear Plc
Steve Roberts - Executive Chairman	[phone]
Tom Hayes -  Finance Director	[phone]
Strand Hanson Ltd
James Harris / James Spinney	[phone]

 

END

 

 

RDSSSMFFFFLSESL