Exercise of Options

Northern Bear plc

(“Northern Bear” or the “Company”)


Exercise of Options


Northern Bear announces that it has received notice of the exercise of options over, in aggregate, 35,000 ordinary shares of 1 penny each in the capital of the Company (“Ordinary Shares”),  comprising 15,000 options at an exercise price of 45.75 pence per Ordinary Share and 20,000 options at an exercise price of 28.5 pence per Ordinary Share (the “Options Exercise”).


The Company has transferred 35,000 Ordinary Shares out of treasury to satisfy the Options Exercise. The Company’s issued share capital now consists of 18,511,722 Ordinary Shares with voting rights. In addition, Northern Bear holds 369,540 Ordinary Shares in treasury. The aforementioned figure of 18,511,722 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:

Northern Bear PLC

Steve Roberts – Executive Chairman

Tom Hayes – Finance Director

+44 (0) 166 182 0369




Strand Hanson Limited (Nominated Adviser and Broker)

James Harris

James Spinney

James Bellman

+44 (0) 20 7409 3494