REG - Northern Bear Plc - Directorate Changes

Northern BearAnnouncement

11/11/2021 07:00

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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                                     +44 (0) 166 182 0369

 Jeff Baryshnik - Non-Executive Chairman

 Tom Hayes - Finance Director

 Strand Hanson Limited (Nominated Adviser and Broker)  +44 (0) 207 409 3494

 James Harris

 James Bellman

 

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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