Northern Bear Plc Exercise of Options and Director Dealing (9550A)
February 08 2022 - 2:01AM
UK Regulatory
TIDMNTBR
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
Jeff Baryshnik - Non-Executive Chairman
Tom Hayes - Finance Director +44 (0) 166 182 0369
Strand Hanson Limited (Nominated Adviser and Broker)
James Harris
James Bellman +44 (0) 20 7409 3494
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 Ordinary Shares of 1 pence each
instrument, type of instrument
-------------------------------- --------------------------------
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)
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END
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