Northern Bear Regulatory News (NTBR)

14 May 2007 07:02

Northern Bear Plc14 May 2007 14 May 2007 Northern Bear Plc Board Changes Northern Bear Plc ("Northern Bear" or "the Company") has announced today theacquisition of Chirmarn Holdings Limited ("Chirmarn") and its subsidiaries,Chirmarn Limited and Chrimarn (Surveying) Limited. This now enables it toimplement some valuable board changes. We are pleased to announce that David Jay(53) has been appointed to the Board as Finance Director. David was the majority shareholder and Managing Director of Chirmarn and itssubsidiaries. As part of the board restructuring, Steve Roberts (the previouspart time Finance Director) will continue in a Non-Executive capacity. FurtherRoy Stanley has indicated his wish to step down from his role as a Non ExecutiveDirector due to other business commitments. Jon Pither (Chairman of Northern Bear) said: "The appointment of David as ourfull time Finance Director completes our strong, experienced executive team whoare all based in the North East. We are very grateful to Steve Roberts for hiscontribution to the group both before and after our flotation in December, andlook forward to his continued involvement as a Non-Executive Director. We areall very sad that Roy Stanley has had to step down as a Non-Executive Director,but are very grateful for Roy's valuable assistance and counsel in helping todevelop Northern Bear. We wish him continued success in the future and will allmiss the contribution of a wise counsellor". There are no companies (other than those detailed above) or partnerships(including limited liability partnerships) of which David has been a director orpartner at any time in the past five years. There is no other information that is required to be disclosed under Schedule 2,paragraph (g) of the AIM Rules. For further enquiries please contact: Graham Forrest, CEO, Northern Bear Plc: +44 191 3712934 This information is provided by RNS The company news service from the London Stock Exchange