Northern Bear announces that it was notified on 29 July 2019 that Wensley Roofing Ltd Directors Pension Scheme, of which Keith Soulsby, a director of the Company, is one of the beneficiaries, sold 173,191 ordinary shares of 1p each in the Company (the "Ordinary Shares") at a price of 66 pence per Ordinary Share on 25 July 2019 (50,000 Ordinary Shares) and 29 July 2019 (123,191 Ordinary Shares) (the "Transactions").
Following the Transactions, Mr. Soulsby and his spouse are now directly interested in 497,820 Ordinary Shares representing, in aggregate, approximately 2.69 per cent. of the share capital of the Company. Wensley Roofing Ltd Directors Pension Scheme holds no further Ordinary Shares in 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
Strand Hanson Limited (Nominated Adviser and Broker)
+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
Details of the person discharging managerial responsibilities / person closely associated
Reason for the Notification
Director of the Company
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Northern Bear plc
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
Description of the Financial instrument, type of instrument
Ordinary shares of 1 pence each
Nature of the Transaction
Sale of ordinary shares
Price(s) and volume(s)
50,000 (25 July 2019)
123,191 (29 July 2019)
Aggregated volume Price
N/A (Single transaction)
Date of the transaction
25 July 2019 and 29 July 2019
Place of the transaction
London Stock Exchange, AIM Market (XLON)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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