24th Aug 2021 20:25
Northern Bear PLC - Newcastle Upon Tyne-based specialist building and support services company - Says that resolutions 7 and 8 at annual general meeting held on Tuesday, in respect of share issuance authorities and pre-emption rights, were not passed. All other AGM proposals were passed.
Adds that immediately prior to the AGM, Executive Chair Steve Roberts resigned from board. Accordingly, resolution 2 concerning his re-election was not proposed and he will assume role of chair emeritus and "continue to fulfil his existing day-to-day operational role as an employee of the company." Non-Executive Director Jeff Baryshnik appointed as non-executive chair with immediate effect.
"It is expected that two further Non-executive director appointments will be made to the board in the near term, at which time it is expected that John Holroyd will step down from the board," firm says.
Current stock price: 52.00 pence, up 5.1% on Tuesday
Year-to-date change: up 8.3%
By Lucy Heming;Â [email protected]
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