Northern Bear Plc Grant of Options
October 29 2024 - 11:15AM
RNS Regulatory News
RNS Number : 1040K
Northern Bear Plc
29 October 2024
29 October
2024
Northern Bear plc
("Northern Bear" or the "Company")
Grant of
Options
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 that the Company has granted options
over, in aggregate, 1,000,000 ordinary shares of 1p each (the
"Ordinary Shares"), of which 300,000 to Executive Directors and the
remaining balance to be granted to subsidiary management and other
employees, under an HMRC approved option scheme.
The options are exercisable at 52.0p
per share, being the closing price of the Company's Ordinary Shares
on 28 October 2024 (being the last day before the Company made the
offer of the option grant). These options are exercisable from 29
October 2027 until 28 October 2034, provided that the option holder
is still an officer or employee of the Company, or its
subsidiaries, subject to standard good leaver
provisions.
The following Executive Directors of
the Company have been granted options:
|
Director
|
Number of Options
Granted
|
Total Number of Options
Held
|
|
John Davies
|
100,000
|
100,000
|
|
Steve Roberts
|
100,000
|
100,000
|
|
Tom Hayes
|
100,000
|
100,000
|
For
further information, please contact:
|
Northern Bear PLC
Tom Hayes - Finance
Director
John Davies - Chief Executive
Officer
|
+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
|
Director Notification Form:
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
a) John
Davies
b) Steve
Roberts
c) Tom Hayes
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
a) Chief Executive
Officer
b) Executive
Director
c) Finance
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 the Financial
instrument, type of instrument
|
Options over Ordinary Shares of
1 pence each
|
|
Identification code
|
GB00B19FLM15
|
|
b)
|
Nature of the Transaction
|
Options granted under the share
option scheme
|
|
c)
|
Price(s) and volume(s)
|
|
Exercise Price(s)
|
Volume(s)
|
|
a) 52.0p
b) 52.0p
c) 52.0p
|
a) 100,000
b) 100,000
c) 100,000
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
-
300,000
- 52.0
pence
|
|
e)
|
Date of the transaction
|
29 October 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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END
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