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) |
| ||||
| 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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