Result of AGM

Northern Bear Plc

12 September 2023

 

12 September 2023

Northern Bear plc

("Northern Bear" or the "Company")

Result of AGM

The board of directors of Northern Bear (LSE:NTBR) announces that, at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolutions 9 and 10 were passed as Special Resolutions. The voting results on all resolutions at the Annual General Meeting were as follows:

Resolution	For	%	Against	%	Vote Total (including votes withheld)	Vote Total as % of Issued Share Capital	Withheld*
1.     To receive the directors' and auditors reports for the year ended 31st March 2023.	10,586,242	100.00%	0	0.00%	10,586,242	56.53%	0
2.     Authority for the directors to declare and pay a final dividend	10,586,242	100.00%	0	0.00%	10,586,242	56.53%	0
3.     Re-election of director Thomas Edward Hayes	10,561,242	99.80%	0	0.00%	10,586,242	56.53%	25,000
4.     Re-election of director Jeff Matthew Baryshnik	10,168,242	96.10%	418,000	3.90%	10,586,242	56.53%	0
5.     Re-appointment of Saffery Champness LLP as auditor	10,586,242	100.00%	0	0.00%	10,586,242	56.53%	0
6.     To authorise the directors to determine the remuneration the auditors	10,586,242	100.00%	0	0.00%	10,586,242	56.53%	0
7.     Authority for the directors to declare and pay a special dividend	10,586,242	100.00%	0	0.00%	10,586,242	56.53%	0
8.     Authority for the directors to allot up to 5,617,582 ordinary shares (representing 30 per cent. of the Issued Share Capital).	10,517,249	99.30%	48,993	0.50%	10,586,242	56.53%	20,000
9.     Special resolution: Authority for the directors to allot up to 936,263 ordinary shares (representing 5 per cent of the Company's issued ordinary shares), for cash, disapplying pre-emption rights	10,515,749	99.30%	50,493	0.50%	10,586,242	56.53%	20,000
10.  Special Resolution: Authority for the Company to purchase up to 936,263 ordinary shares (representing approximately 5% of the Company's issued ordinary shares)	10,561,242	99.80%	25,000	0.20%	10,586,242	56.53%	0

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

For further information, please contact:

Northern Bear PLC Jeff Baryshnik - Non-Executive Chairman Tom Hayes - Finance Director	[phone]
Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Bellman	[phone]
Hybridan LLP (Broker) Clarie Louise Noyce	[phone]

 

END