REG - Northern Bear Plc - Exercise of Options and Director Dealing

Northern BearAnnouncement

08/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220208:nRSH9550Aa&default-theme=true

RNS Number : 9550A  Northern Bear Plc  08 February 2022

8 February 2022

Northern Bear plc

("Northern Bear" or the "Company")

 

Exercise of Options and Director Dealing

 

Northern Bear announces that it has received notice of the exercise of options
over 60,000 ordinary shares of 1 penny each in the capital of the Company
("Ordinary Shares") by Group Operations Director, Keith Soulsby, at an
exercise price of 28.5 pence per Ordinary Share (the "Options Exercise").
Following the exercise, Keith Soulsby is beneficially interested in 557,820
ordinary shares in the Company representing approximately 2.98 per cent. of
the Company's voting rights.

 

The Company has transferred 60,000 Ordinary Shares out of treasury to satisfy
the Options Exercise.

 

The Company's issued share capital now consists of 18,725,276 Ordinary Shares
with voting rights. In addition, Northern Bear holds 292,040 Ordinary Shares
in treasury. The aforementioned figure of 18,725,276 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.

 

 

 

 

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) 20 7409 3494

 James Harris

 James Bellman

 

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 (as amended).

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Keith Soulsby
 2.  Reason for the Notification
 a)  Position/status                                              Group Operating Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Northern Bear plc
 b)  LEI                                                          21380039N5EBUGAE7T76
 4.  Details of the transaction(s):section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares of 1 pence each
     Identification code                                          GB00B19FLM15
 b)  Nature of the Transaction                                    Exercise of options
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  28.5 pence  60,000
 d)  Aggregated information                                       N/A

     Aggregated volume Price
 e)  Date of the transaction                                      3 February 2022
 f)  Place of the transaction                                     AIM (LSE)

d)

Aggregated information

Aggregated volume Price

N/A

e)

Date of the transaction

3 February 2022

f)

Place of the transaction

AIM (LSE)

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHKZGGZZNMGZZZ