REG - Northern Bear Plc - Result of General Meeting and Directorate Change

Northern BearAnnouncement

15/11/2023 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231115:nRSO5786Ta&default-theme=true

RNS Number : 5786T  Northern Bear Plc  15 November 2023

15 November 2023

Northern Bear plc

("Northern Bear", the "Company" or, together with its subsidiaries, the
"Group")

 

Result of General Meeting and Directorate Change

Northern Bear is pleased to announce that, at the General Meeting of the
Company held today, the resolution to return up to £3.1 million by way of
Tender Offer for up to 5,000,000 Ordinary Shares at a fixed price of 62 pence
per Ordinary Share was duly passed by shareholders. The record date for the
Tender Offer is 18:00 on 22 November 2023 and an announcement regarding the
result of the Tender Offer is expected to be published on 29 November 2023
along with the Company's interim results for the half year to 30 September
2023.

The results of the proxy voting from the General Meeting are set out below:

 Resolution                                                       For         %      Against  %     Vote Total (including votes withheld)  Vote Total as % of Issued Share Capital  Withheld*
 1.     To authorise the Company to buy back its own shares.      11,049,443  99.69  34,100   0.31  11,083,543                             59.19                                    Nil

 

* Includes discretionary votes

** Excludes withheld votes

Following conclusion of the General Meeting and as set out in the Circular
dated 23 October 2023, Jeff Baryshnik has resigned from his role as
Non-Executive Chairman and as a director of the Company with immediate effect.
The board would like to thank Jeff for his service as a director of the
Company. Harry Samuel, one of the Company's current Non-Executive Directors,
will assume the position of Interim Non-Executive Chairman until such time as
the Board has identified and appointed a permanent successor.

Capitalised terms used but not otherwise defined in this announcement have the
meaning given to them in the announcement issued by the Company on 23 October
2023.

 

For further information, please contact:

 Northern Bear PLC                               +44 (0) 166 182 0369

 Harry Samuel - Interim Non-Executive Chairman

 Tom Hayes - Finance Director

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

 James Harris

 James Bellman
                                                 +44 (0) 20 3764 2341

 Hybridan LLP (Nominated 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  ROMFELFFXFLEFBD