11 November 2021
Northern Bear plc
("Northern Bear" or the "Company")
Directorate Changes
Northern Bear, the AIM listed group of companies (together, the "Group") providing specialist building and support services to customers in Northern England and across the UK, is pleased to announce the appointments of Harry Samuel and Anil Khera to the Board as non-executive directors of the Company with immediate effect.
Mr Khera began his career at Credit Suisse, within DLJ Real Estate Capital Partners, before joining Blackstone's real estate investment team in 2006 where he spent 10 years, becoming a managing director of the Real Estate Capital Markets team in 2011. In 2016, Mr Khera founded Node Living, a fully integrated residential investment, development and management company based in London which operates across Europe and North America.
Mr Samuel spent over 20 years across various leadership roles within Royal Bank of Canada (RBC). This included roles as Global Head of Funding and Liquidity Asset Management, Foreign Exchange and Commodities, and Fixed Income and Currencies, before becoming CEO of RBC Capital Markets Europe in 2011 and subsequently CEO of RBC Investor & Treasury Services and Chair of RBC's European Executive Committee from 2013 to 2019. Mr Samuel currently serves as CEO of Affordable Housing Communities Limited and Managing Director of Affordable Housing and Healthcare Group Limited, a leading UK developer, constructor and operator of shared ownership communities working in partnership with local authorities, NHS Trusts and institutional investors to create socially impactful developments.
The Company also announces that, further to the Company's announcement of 24 August 2021, John Holroyd has retired from the Board.
Jeff Baryshnik, Non-Executive Chairman of Northern Bear, commented:
"We are delighted to welcome Harry and Anil to the Board, who bring significant corporate, financial and real estate experience to the Company. I look forward to working with them going forward to create value for shareholders."
"We would like to thank John for his contributions to the Company, and we wish him well in his other pursuits."
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) 207 409 3494 |
Further information on the Director Appointees:
The following details in relation to the appointment of the Director Appointees are disclosed in accordance with AIM Rule 17 and Schedule Two, paragraph (g)of the AIM Rules for Companies:
Mr Anil Khera (aged 43) has held the following directorships and/or partnerships in the past five years:
| Current Directorships | Past Directorships (last five years) |
| Node Brixton Topco Limited | Node Living Bradford Limited |
| Node London Brixton Limited | Pipe Village Trust |
| Node Property Management UK Limited | Bluebutton Property Management UK Limited |
| Node Living Manchester Limited |
|
| Node Living Sh Limited |
|
| Node Living UK Limited |
|
| Node Living Leeds Limited |
|
| Node Living London Limited |
|
| Node Living Shipley Limited |
|
| Uppah Ltd |
|
| Node Europe Topco Limited |
|
| Node Europe Holdings Limited |
|
| Node GP Co Limited |
|
| Node IP Co Limited |
|
| Node Ireland Holdings Limited |
|
| Node Ireland Limited |
|
| Node Dublin Limited |
|
| Node Property Management (Ireland) Limited |
|
| Node Property Management Canada Inc |
|
| Northumberland Capital Inc. |
|
| Node Kitchener Inc. |
|
| Node Property Management Spain S.L. |
|
| Node Canada Living Inc. |
|
| Northumberland Capital, LP |
|
| Northumberland Capital General LLC |
|
| Node Property Management (USA) LLC |
|
| Node USA General LLC |
|
| Node USA Holdco General LLC |
|
| Node USA Holdco LP |
|
| Node Property Investments LP |
|
| Node Seattle Queen Anne General LLC |
|
| Node Seattle Queen Anne LP |
|
| Node Los Angeles Sunset General LLC |
|
| Node Los Angeles Sunset LP |
|
| Node Los Angeles Everett General LLC |
|
| Los Angeles Sunset II LP |
|
| Node Brooklyn Holdco LP |
|
| Node Brooklyn Eldert General LLC |
|
| Node Brooklyn Eldert, LP |
|
| Node Brooklyn Greene General LLC |
|
| Node Brooklyn Greene, LP |
|
| Node Brooklyn Harman General LLC |
|
| Node Brooklyn Harman, LP |
|
| Node Brooklyn St Nick General LLC |
|
| Node Brooklyn St Nick, LP |
|
| Node Brooklyn Weirfield General LLC |
|
| Node Brooklyn Weirfield, LP |
|
There is no further information to be disclosed in relation to Anil Khera's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Mr Harry Jacob Samuel (aged 56) has held the following directorships and/or partnerships in the past five years:
| Current Directorships | Past Directorships (last five years) |
| Northeast Midstream LLP | McGill University Trust |
| Sinai Health System Foundation | RBC Europe Limited |
| 2367718 Ontario Limited | RBC Investor Services Trust |
| Affordable Housing & Healthcare Investment Management Ltd | |
| Affordable infrastructure UK Ltd |
|
| Affordable Housing Communities Limited | |
There is no further information to be disclosed in relation to Harry Samuel's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
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.
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