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Northern Bear Plc (NTBR)

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Tuesday 15 January, 2019

Northern Bear Plc

Exercise of Options and Holding in Company

RNS Number : 0711N
Northern Bear Plc
15 January 2019
 

15 January 2019

Northern Bear plc

("Northern Bear" or the "Company")

 

Exercise of Options and Holding in Company

 

Northern Bear announces that it has received notice of the exercise of options over 7,500 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") by employees at an exercise price of 45.75 pence per Ordinary Share (the "Options Exercise").

 

The Company has transferred 7,500 Ordinary Shares out of treasury to satisfy the Options Exercise. The Company's issued share capital now consists of 18,519,222 Ordinary Shares with voting rights. In addition, Northern Bear holds 362,040 Ordinary Shares in treasury. The aforementioned figure of 18,519,222 Ordinary Shares ("Enlarged Share Capital") may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Northern Bear under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

In addition, Northern Bear was yesterday informed by Nicholas Beaumont-Dark that, following an acquisition of Ordinary Shares, his shareholding in the Company breached the 3 per cent. threshold. Mr Beaumont-Dark's current shareholding in the Company is 660,000 Ordinary Shares representing approximately 3.56 per cent. of the Company's Enlarged Share Capital.

 

 

 

For further information, please contact:

Northern Bear PLC

Steve Roberts - Executive Chairman

Tom Hayes - Finance Director

+44 (0) 166 182 0369

 

 

 

Strand Hanson Limited (Nominated Adviser and Broker)

James Harris

James Spinney

James Bellman

+44 (0) 20 7409 3494

 

 

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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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