Northern Bear Plc Exercise of Options and Director's Dealing (3597Y)

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                       [phone] 
  Tom Hayes - Finance Director                             [phone] 
 Strand Hanson Limited (Nominated Adviser and Broker) 
  James Harris 
  James Spinney 
  James Bellman                                            [phone] 
 

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

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December 05, 2017 02:00 ET (07:00 GMT)