19 September 2024
Northern Bear plc
("Northern Bear" or the "Company")
Result of AGM
The board of directors of Norther Bear (LSE:NTBR) announces that, at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
Resolutions 1 to 9 were passed as Ordinary Resolutions and Resolutions 10 and 11 were passed as Special Resolutions. The voting results on all resolutions at the AGM were as follows:
| Resolution | For | % | Against | % | Vote Total (including votes withheld) | Vote Total as a % of Issued Share Capital
| Withheld* |
| 1. To adopt the directors' and auditors reports and financial statements for the year ended 31st March 2024 | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 2. Authority for the directors to declare and pay a final dividend | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 3. To elect Martin Brett Boden as a director | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 4. To elect Simon Alexander Carr as a director | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 5. To elect John Peter Davies as a director | 6,400,564 | 100.00% | 60 | 0.00% | 6,400,624 | 46.63% | 0 |
| 6. To elect Steven Mark Roberts as a director | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 7. To re-appoint Saffery LLP as auditor | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 8. To authorise the directors to agree the remuneration of the auditors | 6,400,624 | 100.00% | 0 | 0.00% | 6,400,624 | 46.63% | 0 |
| 9. Authority for the directors to allot up to 4,125,082 ordinary shares (representing 30 per cent. of the Issued Share Capital) | 6,379,804 | 99.67% | 20,260 | 0.32% | 6,400,624 | 46.63% | 560 |
| 10. Special resolution: Authority for the directors to allot up to 687,513 ordinary shares (representing 5 per cent. of the Company's issued ordinary shares), for cash, disapplying pre-emption rights | 6,338,874 | 99.04% | 61,190 | 0.96% | 6,400,624 | 46.63% | 560 |
| 11. Special Resolution: Authority for the Company to purchase up to 687,513 ordinary shares (representing approximately 5 per cent. of the Company's issued ordinary shares) | 6,365,004 | 99.44% | 35,060 | 0.55% | 6,400,624 | 46.63% | 560 |
* 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 Tom Hayes - Finance Director | +44 (0) 166 182 0369
|
| John Davies - Chief Executive Officer
Strand Hanson Limited (Nominated Adviser) James Harris James Bellman |
+44 (0) 20 7409 3494 |
|
Hybridan LLP (Nominated Broker) Clarie Louise Noyce |
+44 (0) 20 3764 2341 |
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