Northern Bear Plc Board Changes (1391A)
January 18 2024 - 2:45AM
UK Regulatory
TIDMNTBR
RNS Number : 1391A
Northern Bear Plc
18 January 2024
18 January 2024
Northern Bear plc
("Northern Bear," the "Company")
Board Changes
Northern Bear (LSE:NTBR), the AIM quoted holding company of the
group of companies providing specialist building and support
services headquartered in Northern England and serving customers
across the UK, announces the following changes to the Board of
Directors of the Company:
Keith Soulsby
Keith Soulsby, Group Operations Director, has notified the Board
of his decision to retire and accordingly will be ceasing his role
with the Company and retiring as a Director with effect from 31
March 2024.
Keith has enjoyed a long and successful career in the
construction industry, having founded Wensley Roofing Limited and
built it into an established, well regarded roofing contractor in
the North East of England.
Wensley Roofing was one of the four companies that were
amalgamated to form the initial Northern Bear Group upon Admission
to AIM in 2006. Keith has been a Board member of the Company for
the majority of the subsequent period. He has made a huge
contribution to the Group's success and has been a trusted and
valued colleague to everyone at Northern Bear. Keith has overseen
the Group's commercial and operational activities since March 2020
and has helped to steer the Group through some major challenges
since then, including the COVID-19 pandemic and related labour and
supply chain issues.
Keith retires with the best wishes from all of his colleagues,
and we wish him and his family every success and happiness in his
retirement.
John Davies
The Board is pleased to announce the appointment of John Davies
as an Executive Director of the Company with immediate effect.
John was appointed as Managing Director of Arcas Building
Solutions Limited ("Arcas") in June 2023, and has since made
significant operational and commercial improvements to that
business.
John has had an illustrious career in the construction industry
and held senior positions as Managing Director of Meldrum Group and
Chief Operating Officer of Esh Group, at which he oversaw
substantial profitable growth. The ultimate aim when John was
recruited was to provide succession for Keith Soulsby, and John has
operated as part of the Group's senior management team in recent
months.
John will become Group Chief Executive Officer with effect from
1 April 2024. We would like to welcome John to the Board, and all
look forward to working with him. In the short term, John will also
continue to oversee operations at Arcas.
Steve Roberts
The Board is also pleased to announce the reappointment, with
immediate effect, of Steve Roberts as an Executive Director of the
Company. Upon standing down as Executive Chairman in August 2021,
Steve remained part of the Group's operational management team and
a director of all subsidiary companies. Steve has also been
involved with the Group since inception and has served as both
Group Finance Director and Executive Chairman. Given his vast
experience of the Group and its employees, Steve will provide
valuable continuity to the Board and support John as he transitions
to his role as Group CEO.
Further information:
The following details in relation to the appointments of John
Davies and Steve Roberts as directors of the Company are disclosed
in accordance with AIM Rule 17 and Schedule 2(g) of the AIM
Rules:
John Peter Davies (aged 57) has held the following directorships
and/or partnerships in the past five years:
Current Directorships/Partnerships Past Directorships/Partnerships
(last five years)
Border Construction (Holdings)
Arcas Building Solutions Limited Limited
----------------------------------
Border Construction Limited
----------------------------------
Dunelm National Projects Limited
----------------------------------
ESH Construction Limited
----------------------------------
ESH Holdings Limited
----------------------------------
ESH Investments Limited
----------------------------------
ESH Remedios Limited
----------------------------------
ESH Stantec Limited
----------------------------------
Finlaysons Contracts Limited
----------------------------------
Lumsden & Carroll Limited
----------------------------------
Meldrum Construction Services
Group Limited
----------------------------------
North Tyneside Academy Foundation
----------------------------------
Remedios Limited
----------------------------------
Stephen Easten Building Limited
----------------------------------
Steven Mark Roberts (aged 57) has held the following
directorships and/or partnerships in the past five years:
Current Directorships/Partnerships Past Directorships/Partnerships
(last five years)
A1 Industrial Trucks Limited Gliderol Development Capital
Ltd
---------------------------------
Alcor Handling Solutions Limited H Peel & Sons (Holdings) Limited
---------------------------------
Arcas Building Solutions Limited Jennings Properties Limited
---------------------------------
Gliderol Garage & Industrial King Street Property (Leeds)
Doors Limited LLP
---------------------------------
Gliderol Holdings Limited Lister Holdings (York) Limited
---------------------------------
H. Peel & Sons Limited Northern Bear PLC
---------------------------------
Isoler Limited Panacea Investments Number 2
Limited
---------------------------------
J Lister Electrical Limited Panacea Property Ventures No.3
Ltd
---------------------------------
Jennings Roofing Limited Panacera Stranda Holdings Ltd
---------------------------------
MGM Ltd Safer Access Structures Limited
---------------------------------
Nell Dorada LLP SRC Consulting 2 Limited
---------------------------------
Neighbourhood (Holdings) Limited
---------------------------------
Northern Bear (Safety) Limited
---------------------------------
Northern Bear Construction Limited
---------------------------------
Northern Bear Roofing Limited
---------------------------------
Panacea Investment Group Limited
---------------------------------
Springs Roofing Limited
---------------------------------
SRC Consultancy Limited
---------------------------------
STJ Asset Management Limited
---------------------------------
System Roofing Services Limited
---------------------------------
Wensley Roofing Limited
---------------------------------
Steve Roberts currently holds 813,300 shares in the Company.
Save as disclosed above, there is no further information to be
disclosed in relation to the director appointments pursuant to AIM
Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules
for Companies.
For further information, please contact:
Northern Bear PLC
Harry Samuel - Interim Non-Executive Chairman
Tom Hayes - Finance Director +44 (0) 166 182 0369
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
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
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END
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