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 | +44 (0) 166 182 0369
|
| Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Bellman | +44 (0) 20 7409 3494 |
|
Hybridan LLP (Broker) Clarie Louise Noyce | +44 (0) 20 3764 2341
|
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