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On 7 March 2024, Northern Bear plc announced the exercise of options over 25,000 ordinary shares by certain employees at an exercise price of 28.5 pence per share. The Company transferred 25,000 ordinary shares from treasury to satisfy this exercise, resulting in an issued share capital of 13,750,276 Ordinary Shares with voting rights and 5,267,040 Ordinary Shares held in treasury.
| Date | 7 Mar 2024 |
| Time | 14:16:05 |
| Category | Miscellaneous |
| ID | 0452G |
7 March 2024
Northern Bear plc
("Northern Bear" or the "Company")
Exercise of Options
Northern Bear (LSE:NTBR), the AIM quoted group headquartered in Northern England providing specialist building and support services to customers across the UK, announces that it has received notice of the exercise of options over 25,000 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") by certain employees of the Company and its subsidiaries, at an exercise price of 28.5 pence per Ordinary Share (the "Options Exercise").
The Company has transferred 25,000 Ordinary Shares out of treasury to satisfy the Options Exercise.
The Company's issued share capital now consists of 13,750,276 Ordinary Shares with voting rights. In addition, Northern Bear holds 5,267,040 Ordinary Shares in treasury. The aforementioned figure of 13,750,276 Ordinary Shares 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:
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Northern Bear PLC Harry Samuel - Interim Non-Executive Chairman Tom Hayes - Finance Director |
+44 (0) 166 182 0369
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Strand Hanson Limited (Nominated Adviser) James Harris James Bellman |
+44 (0) 20 7409 3494 |
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Hybridan LLP (Nominated Broker) Claire Louise Noyce |
+44 (0) 20 3764 2341 |