Holding(s) in Company

RNS Number : 2629V

Northern Bear Plc

01 November 2017

 

1 November 2017

Northern Bear PLC

("Northern Bear", the "Company" or, together with its subsidiaries, the "Group")

Holdings in Company

Northern Bear was today informed by Derek Wymes that he and his wife Marilyn Wymes have sold their entire holding of 591,251 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), which represented approximately 3.21 per cent. of the Company's currently issued share capital.

Derek is a former joint Managing Director and co-founder of A1 Industrial Trucks Limited ("A1"), a subsidiary of Northern Bear, and acquired his shares in April 2008 on sale of the business to Northern Bear.  He retired from his role at A1 in the Summer of 2016.

As announced on 26 October 2017, Graeme Tennick and his wife Ann also sold their entire holding of 591,251 Ordinary Shares.  Mr Tennick is the current Managing Director and co-founder of A1 and will retire from his current role on 31 March 2018.  The Company has recruited a replacement who has held senior roles in national Materials Handling businesses and, subject to satisfactory performance over the coming months, will be appointed Managing Director of A1 on Mr Tennick's retirement. 

For further information, please contact:

Northern Bear PLC Steve Roberts - Executive Chairman Tom Hayes - Finance Director	[phone] [phone]
Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Spinney James Bellman	[phone]

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.

**ENDS**

 

END

 

 

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