Last checked at 25 Jul 2019 16:20
25 July 2019
Northern Bear plc
("Northern Bear" or the "Company")
Director Dealing
Northern Bear announces that it was notified on 25 July 2019 that Wensley Roofing Ltd Directors Pension Scheme, of which Keith Soulsby, a director of the Company, is one of the beneficiaries, sold 100,000 ordinary shares of 1p each in the Company (the "Ordinary Shares") at a price of 65.55 pence per Ordinary Share on 25 July 2019 (70,000 Ordinary Shares) and 24 July 2019 (30,000 Ordinary Shares) (the "Transactions").
Following the Transactions, Mr. Soulsby is now interested in 671,011 Ordinary Shares, comprising 173,191 Ordinary Shares held by Wensley Roofing Ltd Directors Pension Scheme and 497,820 Ordinary Shares held directly by Mr. Soulsby and his spouse, representing, in aggregate, approximately 3.6 per cent. of the share capital of the Company. The Transactions were made by Wensley Roofing Ltd Directors Pension Scheme in order to realise assets for the distribution of pension benefits.
For further information, please contact:
Northern Bear PLC Steve Roberts - Executive Chairman Tom Hayes - Finance Director | +44 (0) 166 182 0369
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Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Spinney James Bellman | +44 (0) 20 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").
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 | Keith Soulsby | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
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 | Ordinary shares of 1 pence each | ||||
Identification code | GB00B19FLM15 | |||||
b) | Nature of the Transaction | Sale of ordinary shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 24 & 25 July 2016 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||