Grant of Options - Replacement

RNS Number : 2889I

Northern Bear Plc

24 March 2015

 



The following replaces the announcement released on 24 March at 08:40, RNS number 2884I.  The previous announcement detailed the incorrect vesting period for the options, which has been corrected to run to 10 March 2025.  All other information remains unchanged.  The full amended text appears below.

24 March 2015

Northern Bear PLC

("Northern Bear" or the "Company")

Grant of Options

Northern Bear announces that the Company has granted options over, in aggregate, 65,000 ordinary shares of 1p each (the "Ordinary Shares") to certain employees and officers of group companies under a Company share option plan.   

The options are exercisable at 45.75p per share, being the mid-market closing price of the Company's Ordinary Shares on 9 March 2015 (being the last day before the Company made the offer of the option grant). These options are exercisable from 10 March 2018 until 10 March 2025, provided that the option holder is still an officer or employee of the Company.

For further information please contact:

Northern Bear Plc
Steve Roberts - Executive Chairman	[phone]
Tom Hayes -  Finance Director	[phone]
Strand Hanson Ltd
James Harris / James Spinney	[phone]

 

END

 

 

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