Northern Bear Plc Exercise of Options and Director's Dealing (3597Y)
December 05 2017 - 2:00AM
UK Regulatory
TIDMNTBR
RNS Number : 3597Y
Northern Bear Plc
05 December 2017
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 +44 (0) 166 182 0369
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
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 Ordinary shares of 1 pence
the Financial instrument, each
type of instrument
--- ------------------------------- ---------------------------
Identification GB00B19FLM15
code
--- ------------------------------- ---------------------------
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 N/A single transaction
Aggregated volume
Price
--- ------------------------------- ---------------------------
e) Date of the transaction 04 December 2017
--- ------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
--- ------------------------------- ---------------------------
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEEAFALEFKXFAF
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