Northern Bear Plc
08 April 2008
Northern Bear Plc
('Northern Bear' or the 'Company')
Board Appointment
Northern Bear, the holding company for a growing portfolio of Northern based
building services businesses, is pleased to announce the appointment of Graham
Roy Jennings to the Board as an Operations Director with immediate effect.
Mr Jennings, 51, is Managing Director of Jennings Roofing Limited, and its
parent company Jennings Properties Limited, which were both acquired by
Northern Bear on 13 November 2007. He has been involved in the roofing industry
in the North of England for 34 years, 27 of which he has been Managing Director
of Jennings Roofing Limited. He brings vast experience and knowledge of the
industry including many longstanding relationships with blue chip customers.
Jon Pither, Chairman of Northern Bear, said: 'I am delighted that Graham has
agreed to join the Board as he brings with him a wealth of experience which
will greatly strengthen our Board at the operational level.'
Mr Jennings is interested in 814,569 ordinary shares of 1p each in the Company
which represents 4.4 per cent. of the total issued share capital.
There are no companies (other than those detailed above) or partnerships
(including limited liability partnerships) of which Mr Jennings has been a
director or partner 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.
Ends
Enquiries please contact:
Northern Bear Plc
Graham Forrest, Chief Executive
0191 371 2934
Strand Partners Limited
James Harris / Braden Saunders
020 7409 3494
St Helen's Capital
Ruari McGirr
020 7628 5582
Cardew Group
Tim Robertson / Shan Shan Willenbrock / David Roach
020 7930 0777
For further information on the Company please visit www.northern-bear.com
Notes to Editors
Northern Bear is the holding company for a growing portfolio of northern based
building services businesses, currently comprising 12 businesses in total. The
Company is focused on acquiring well established, cash generative building
services businesses based in the North of England in order to expand the
portfolio of building services that the group currently offers. Northern Bear is
committed to diversifying its customer portfolio, and is successfully
implementing its policy to further develop its business away from the cyclical
'New Build' housing sector, which is expected to contribute less than 15% of
Northern Bear's turnover in the current financial year. Northern Bear is listed
on the AIM market of the London Stock Exchange under the ticker symbol 'NTBR'.
Northern Bear currently has 12 businesses in its portfolio, including:
• D J McGough (acquired April 2008)
• A1 Trucks (acquired April 2008)
• Jennings Roofing (acquired November 2007)
• Hastie D Burton (acquired June 2007)
• Chirmarn Surveying (acquired May 2007)
• Chirmarn (acquired May 2007)
• MGM (acquired February 2007)
• Floor Joist (acquired December 2006)
• Wensley Roofing (acquired December 2006)
• Springs Roofing (acquired December 2006)
• Roof Truss (acquired December 2006)
• Isoler (acquired December 2006)
This information is provided by RNS
The company news service from the London Stock Exchange OAFVLFBVZBEBBD
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