REG - Northern Bear Plc - Result of AGM

Northern BearAnnouncement

12/09/2023 18:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230912:nRSL2207Ma&default-theme=true

RNS Number : 2207M  Northern Bear Plc  12 September 2023

12 September 2023

Northern Bear plc

("Northern Bear" or the "Company")

 

Result of AGM

 

The board of directors of Northern Bear (LSE:NTBR) announces that, at its
Annual General Meeting ("AGM") held earlier today, all resolutions were duly
passed.

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolutions 9 and
10 were passed as Special Resolutions. The voting results on all resolutions
at the Annual General Meeting were as follows:

 

 Resolution                                                                     For         %        Against  %      Vote Total (including votes withheld)  Vote Total as % of Issued Share Capital  Withheld*
 1.     To receive the directors' and auditors reports for the year ended       10,586,242  100.00%  0        0.00%  10,586,242                             56.53%                                   0
 31st March 2023.
 2.     Authority for the directors to declare and pay a final dividend         10,586,242  100.00%  0        0.00%  10,586,242                             56.53%                                   0
 3.     Re-election of director Thomas Edward Hayes                             10,561,242  99.80%   0        0.00%  10,586,242                             56.53%                                   25,000
 4.     Re-election of director Jeff Matthew Baryshnik                          10,168,242  96.10%   418,000  3.90%  10,586,242                             56.53%                                   0
 5.     Re-appointment of Saffery Champness LLP as auditor                      10,586,242  100.00%  0        0.00%  10,586,242                             56.53%                                   0
 6.     To authorise the directors to determine the remuneration the            10,586,242  100.00%  0        0.00%  10,586,242                             56.53%                                   0
 auditors
 7.     Authority for the directors to declare and pay a special dividend       10,586,242  100.00%  0        0.00%  10,586,242                             56.53%                                   0
 8.     Authority for the directors to allot up to 5,617,582 ordinary           10,517,249  99.30%   48,993   0.50%  10,586,242                             56.53%                                   20,000
 shares (representing 30 per cent. of the Issued Share Capital).
 9.     Special resolution: Authority for the directors to allot up to          10,515,749  99.30%   50,493   0.50%  10,586,242                             56.53%                                   20,000
 936,263 ordinary shares (representing 5 per cent of the Company's issued
 ordinary shares), for cash, disapplying pre-emption rights
 10.  Special Resolution: Authority for the Company to purchase up to 936,263   10,561,242  99.80%   25,000   0.20%  10,586,242                             56.53%                                   0
 ordinary shares (representing approximately 5% of the Company's issued
 ordinary shares)

* A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes "For" or "Against" a resolution.

 

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
                                                       +44 (0) 20 3764 2341

 Hybridan LLP (Broker)

 Clarie Louise Noyce

 

 

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  RAGLTMFTMTIBBTJ