NORTHERN BEAR PLC

Director's Dealing • Feb 8, 2022

National Storage Mechanism | Additional information

RNS Number : 9550A

Northern Bear Plc

08 February 2022

8 February 2022

Northern Bear plc

("Northern Bear" or the "Company")

Exercise of Options and Director Dealing

Northern Bear announces that it has received notice of the exercise of options over 60,000 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") by Group Operations Director, Keith Soulsby, at an exercise price of 28.5 pence per Ordinary Share (the "Options Exercise"). Following the exercise, Keith Soulsby is beneficially interested in 557,820 ordinary shares in the Company representing approximately 2.98 per cent. of the Company's voting rights.

The Company has transferred 60,000 Ordinary Shares out of treasury to satisfy the Options Exercise.

The Company's issued share capital now consists of 18,725,276 Ordinary Shares with voting rights. In addition, Northern Bear holds 292,040 Ordinary Shares in treasury. The aforementioned figure of 18,725,276 Ordinary Shares ("Enlarged Share Capital") may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Northern Bear under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

Northern Bear PLC Jeff Baryshnik - Non-Executive Chairman Tom Hayes - Finance Director	+44 (0) 166 182 0369
Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Bellman	+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 Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Keith Soulsby

2.

Reason for the Notification

a)

Position/status

Group Operating Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Northern Bear plc

b)

LEI

21380039N5EBUGAE7T76

4.

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

a)

Description of the Financial instrument, type of instrument

Ordinary Shares of 1 pence each

Identification code

GB00B19FLM15

b)

Nature of the Transaction

Exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
28.5 pence	60,000

d)

Aggregated information

Aggregated volume Price

N/A

e)

Date of the transaction

3 February 2022

f)

Place of the transaction

AIM (LSE)

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