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Northern Bear Plc announced on 19 September 2024 that all resolutions were duly passed at its Annual General Meeting held earlier that day. Resolutions 1-9 passed as Ordinary Resolutions and Resolutions 10-11 passed as Special Resolutions, with vote totals for each representing 46.63% of the Issued Share Capital. This included authorization for directors to allot up to 4,125,082 ordinary shares (30% of Issued Share Capital) and up to 687,513 ordinary shares (5%) for cash, and for the Company to purchase up to 687,513 ordinary shares (5%).
| Date | 19 Sept 2024 |
| Time | 17:30:00 |
| Category | AGMs and other meetings |
| ID | 9445E |
19 September 2024
Northern Bear plc
("Northern Bear" or the "Company")
Result of AGM
The board of directors of Norther Bear (LSE:NTBR) announces that, at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
Resolutions 1 to 9 were passed as Ordinary Resolutions and Resolutions 10 and 11 were passed as Special Resolutions. The voting results on all resolutions at the AGM were as follows:
|
Resolution |
For |
% |
Against |
% |
Vote Total (including votes withheld) |
Vote Total as a % of Issued Share Capital
|
Withheld* |
|
1. To adopt the directors' and auditors reports and financial statements for the year ended 31st March 2024 |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
2. Authority for the directors to declare and pay a final dividend |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
3. To elect Martin Brett Boden as a director |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
4. To elect Simon Alexander Carr as a director |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
5. To elect John Peter Davies as a director |
6,400,564 |
100.00% |
60 |
0.00% |
6,400,624 |
46.63% |
0 |
|
6. To elect Steven Mark Roberts as a director |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
7. To re-appoint Saffery LLP as auditor |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
8. To authorise the directors to agree the remuneration of the auditors |
6,400,624 |
100.00% |
0 |
0.00% |
6,400,624 |
46.63% |
0 |
|
9. Authority for the directors to allot up to 4,125,082 ordinary shares (representing 30 per cent. of the Issued Share Capital) |
6,379,804 |
99.67% |
20,260 |
0.32% |
6,400,624 |
46.63% |
560 |
|
10. Special resolution: Authority for the directors to allot up to 687,513 ordinary shares (representing 5 per cent. of the Company's issued ordinary shares), for cash, disapplying pre-emption rights |
6,338,874 |
99.04% |
61,190 |
0.96% |
6,400,624 |
46.63% |
560 |
|
11. Special Resolution: Authority for the Company to purchase up to 687,513 ordinary shares (representing approximately 5 per cent. of the Company's issued ordinary shares) |
6,365,004 |
99.44% |
35,060 |
0.55% |
6,400,624 |
46.63% |
560 |
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
For further information, please contact:
|
Northern Bear PLC Tom Hayes - Finance Director |
+44 (0) 166 182 0369
|
|
John Davies - Chief Executive Officer
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 |