Brief: Northern Bear Undertaks Review Of Strategic Options For Company And Its Approach To Capital Allocation

Northern Bear

23/10/2023 07:18

Oct 23 (Reuters) - Northern Bear PLC  NTBR.L :
    * PROPOSED TENDER OFFER, GM NOTICE & TRADING UPDATE
    * PROPOSED RETURN OF CAPITAL OF UP TO £3.1 MILLION BY WAY OF
TENDER OFFER
    * TENDER OFFER FOR UP TO 5,000,000 ORDINARY SHARES AT A
FIXED
PRICE OF 62 PENCE PER ORDINARY SHARE
    * UNDERTAKEN A REVIEW OF STRATEGIC OPTIONS FOR COMPANY AND
ITS
APPROACH TO CAPITAL ALLOCATION
    * EXPLORED POTENTIAL EXIT OPTIONS FOR ALL SHAREHOLDERS,
INCLUDING
JEFF BARYSHNIK
    * TENDER OFFER IS EXPECTED TO BE ACCRETIVE TO EARNINGS PER
SHARE

Source text for Eikon:  ID:nRSW9230Qa 
Further company coverage:  NTBR.L