The Company was informed, on 30 September 2011, that, on 27 September 2011, Steven Gray, a director of Northern Bear, transferred 100,000 ordinary shares of 1 pence each in the Company (“Ordinary Shares”) (the “Transfer”), for nil consideration.
Following the Transfer, Steven Gray is now interested in 655,952 Ordinary Shares, representing 3.56 per cent. of the Company’s issued share capital.
**ENDS**
For further information contact:
Northern Bear Plc
Graham Forrest – Chief Executive Officer +44 (0) 191 414 5486
Strand Hanson Ltd
James Harris / James Spinney +44 (0) 20 7409 3494
Seymour Pierce Ltd
Katie Ratner / Paul Jewell / David Banks +44 (0) 20 7107 8000
