24 August 2021

Northern Bear plc

("Northern Bear" or the "Company")

Result of AGM

Directorate Change

The board of directors of Northern Bear announces that, at its Annual General Meeting ("AGM") held earlier today, all resolutions, other than Resolutions 7 and 8 in respect of share issuance authorities and pre-emption rights, were duly passed. 

Immediately prior to the AGM, Steve Roberts, Executive Chairman of Northern Bear, resigned from the board of directors of the Company. Accordingly, Resolution 2 in respect of Mr Roberts re-election to the board of directors was not proposed at the AGM. Mr Roberts will assume the position of Chairman Emeritus and continue to fulfil his existing day-to-day operational role as an employee of the Company.

Jeff Baryshnik, currently a Non-Executive Director, has been appointed as Non-Executive Chairman of the Company with immediate effect.

It is expected that two further Non-executive director appointments will be made to the Board in the near term, at which time it is expected that John Holroyd will step down from the Board.

Further announcements will be made in due course.

Jeff Baryshnik, Chairman of Northern Bear, commented:

"The Board would like to thank Steve for his many years of dedicated service as a director of the Company.

"I look forward to increased engagement with all of the Company's stakeholders in due course."

For further information, please contact:

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.