REG - Northern Bear Plc - Grant of Options

Northern BearAnnouncement

29/10/2024 16:15

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RNS Number : 1040K  Northern Bear Plc  29 October 2024

29 October 2024

Northern Bear plc

("Northern Bear" or the "Company")

 

Grant of Options

Northern Bear (LSE:NTBR), the AIM quoted holding company of the group of
companies providing specialist building and support services headquartered
in Northern England and serving customers across the UK, announces that the
Company has granted options over, in aggregate, 1,000,000 ordinary shares of
1p each (the "Ordinary Shares"), of which 300,000 to Executive Directors and
the remaining balance to be granted to subsidiary management and other
employees, under an HMRC approved option scheme.

The options are exercisable at 52.0p per share, being the closing price of the
Company's Ordinary Shares on 28 October 2024 (being the last day before the
Company made the offer of the option grant). These options are exercisable
from 29 October 2027 until 28 October 2034, provided that the option holder is
still an officer or employee of the Company, or its subsidiaries, subject to
standard good leaver provisions.

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

 

 Director       Number of Options Granted  Total Number of Options Held
 John Davies    100,000                    100,000
 Steve Roberts  100,000                    100,000
 Tom Hayes      100,000                    100,000

 

 

For further information, please contact:

 Northern Bear PLC                          +44 (0) 166 182 0369

 Tom Hayes - Finance Director

 John Davies - Chief Executive Officer

 Strand Hanson Limited (Nominated Adviser)  +44 (0) 20 7409 3494

 James Harris

 James Bellman
 Hybridan LLP (Nominated Broker)             +44 (0) 20 3764 2341

 Clarie Louise Noyce

 

Director Notification Form:

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         a)   John Davies

                                                                  b)   Steve Roberts

                                                                  c)   Tom Hayes
 2.  Reason for the Notification
 a)  Position/status                                              a)   Chief Executive Officer

                                                                  b)   Executive Director

                                                                  c)   Finance 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   Options over Ordinary Shares of 1 pence each

     Identification code                                          GB00B19FLM15
 b)  Nature of the Transaction                                    Options granted under the share option scheme
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  a)   52.0p         a)   100,000

                                                                  b)   52.0p         b)   100,000

                                                                  c)   52.0p         c)   100,000
 d)  Aggregated information                                       -     300,000

     Aggregated volume Price                                      -     52.0 pence
 e)  Date of the transaction                                      29 October 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

-     300,000

-     52.0 pence

e)

Date of the transaction

29 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

 

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