Exercise of Options and Director’s Dealing

4 December 2017

 

Northern Bear PLC

(“Northern Bear” or the “Company”)

Exercise of Options and Director’s Dealing

Northern Bear announces that it yesterday received notice of the exercise of options over, in aggregate, 70,000 ordinary shares of 1 penny each in the Company (“Ordinary Shares”) at an exercise price of 28.5 pence per Ordinary Share (the “Option Shares”). The Company has transferred 70,000 Ordinary Shares out of treasury to satisfy the issue of the Option Shares.

In addition, the Company was notified yesterday that Ian McLean, a Non-Executive Director of the Company, purchased 50,000 Ordinary Shares at a price of 79.0 pence per Ordinary Share on 4 December 2017 (the “Transaction”). Following the Transaction, Mr. McLean is interested in 150,000 Ordinary Shares representing approximately 0.81 cent. of the share capital of the Company following the issue of the Option Shares.

Following the issue of the Option Shares, the Company’s total issued share capital will consist of 18,476,722 Ordinary Shares with voting rights; in addition, the Company will hold 404,540 Ordinary Shares in treasury. The total number of voting rights in the Company therefore will be 18,476,722 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Rules and Transparency Rules.

 

For further information, please contact:

Northern Bear PLC

Steve Roberts – Executive Chairman

Tom Hayes – Finance Director

 

+44 (0) 166 182 0369

+44 (0) 166 182 0369

 

Strand Hanson Limited (Nominated Adviser and Broker)

James Harris

James Spinney

James Bellman

+44 (0) 20 7409 3494

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Ian McLean
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Northern Bear plc
b) LEI 21380039N5EBUGAE7T76
4. Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Ordinary shares of 1 pence each
Identification code GB00B19FLM15
b) Nature of the Transaction Acquisition of ordinary shares
c) Price(s) and volume(s)
Price(s) Volume(s)
79p 50,000
d) Aggregated information

Aggregated volume Price

N/A single transaction
e) Date of the transaction 04 December 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)