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Cedarvale Holdings Ltd and its sole shareholder, Jeff Baryshnik, notified Northern Bear Plc on 21 May 2024 of a change in major holdings. As of 17 May 2024, their total voting rights in Northern Bear Plc decreased to 8.07%, representing 1,109,819 ordinary shares, from a previous holding of 9.88% (1,358,279 shares).
| Date | 21 May 2024 |
| Time | 18:24:49 |
| Category | Holding(s) in company |
| ID | 3653P |
TR-1: Standard form for notification of major holdings
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Northern Bear PLC (CRN: 05780581) |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv |
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Name |
Cedarvale Holdings Ltd (CRN: 12195328) and its sole shareholder, Jeff Baryshnik |
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City and country of registered office (if applicable) |
London, United Kingdom |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: |
17 May 2024 |
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6. Date on which issuer notified (DD/MM/YYYY): |
21 May 2024 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial in- struments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights of issuervii |
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Resulting situation on the date on which threshold was crossed or reached |
8.07% |
N/A |
8.07% |
1,109,819 |
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Position of previous notification (if applicable) |
9.88% |
N/A |
9.88% |
1,358,279 |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of |
Number of voting rightsix |
% of voting rights |
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shares ISIN code (if possible) |
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Direct (Art 9 of Directive |
Indirect (Art 10 of Directive |
Direct (Art 9 of Directive |
Indirect (Art 10 of Directive |
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2004/109/EC) (DTR5.1) |
2004/109/EC) |
2004/109/EC) (DTR5.1) |
2004/109/EC) |
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(DTR5.2.1) |
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(DTR5.2.1) |
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Ordinary shares of £0.01 |
1,109,819 |
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8.07% |
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SUBTOTAL 8. A |
1,109,819 |
8.07% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration datex |
Exercise/ Conversion Periodxi |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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N/A |
N/A |
N/A |
N/A |
N/A |
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SUBTOTAL 8. B 1 |
N/A |
N/A |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration datex |
Exercise/ Conversion Period xi |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
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SUBTOTAL 8.B.2 |
N/A |
N/A |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii |
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Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) |
X |
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Namexv |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial in- struments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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Jeff Baryshnik |
100% |
N/A |
100% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
N/A |
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The number and % of voting rights held |
N/A |
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The date until which the voting rights will be held |
N/A |
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Place of completion |
Toronto, Canada |
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Date of completion |
21 May 2024 |