Northern Bear Plc Result of General Meeting and Directorate Change (5786T)
November 15 2023 - 7:00AM
UK Regulatory
TIDMNTBR
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
GBP3.1 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 Vote Withheld*
Total Total
(including as %
votes of Issued
withheld) Share
Capital
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
Harry Samuel - Interim Non-Executive Chairman
Tom Hayes - Finance Director +44 (0) 166 182 0369
Strand Hanson Limited (Nominated Adviser)
James Harris
James Bellman +44 (0) 20 7409 3494
Hybridan LLP (Nominated Broker)
Clarie Louise Noyce +44 (0) 20 3764 2341
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END
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