Northern Bear Plc Exercise of Options (7671Y)

TIDMNTBR

RNS Number : 7671Y

Northern Bear Plc

07 March 2017

7 March 2017

Northern Bear PLC

("Northern Bear" or the "Company")

Exercise of Options

Northern Bear announces that options over 145,000 ordinary shares of 1 penny ("Ordinary Shares") at an exercise price of 28.5 pence per Ordinary Share have been exercised by employees of the Company (the "Options Exercise").

The Company has transferred 145,000 Ordinary Shares out of treasury to satisfy the Options Exercise. The Company's issued share capital now consists of 17,815,184 Ordinary Shares with voting rights. In addition, Northern Bear holds 604,540 Ordinary Shares in treasury.

The aforementioned figure of 17,815,184 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                     +44 (0) 166 
  Steve Roberts - Executive               182 0369 
  Chairman                             +44 (0) 166 
  Tom Hayes - Finance Director            182 0369 
 Strand Hanson Limited (Nominated 
  Adviser and Broker) 
  James Harris 
  James Spinney                         +44 (0) 20 
  James Bellman                          7409 3494 
 

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").

**ENDS**

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 07, 2017 09:01 ET (14:01 GMT)