31st May 2007 15:13
Northern Bear Plc31 May 2007 For Immediate Release 31 May 2007 Northern Bear Plc ("Northern Bear" or "the Company") Placing of new Ordinary Shares The Company is pleased to announce that it has raised £385,000 through a placingof 275,000 new Ordinary Shares at 140 pence per share. This represents adiscount of 4.4 per cent. to the mid market closing price of 146.5 pence, at theclose of business on 30 May 2007. The new Ordinary Shares represent 2.1 per cent. of the 13,321,583 OrdinaryShares now in issue. The Placing is conditional only upon the admission of thenew Ordinary Shares to trading on AIM and the proceeds of the Placing will beused to assist in the funding of the expansion of the business. Application has been made for the admission of the new Ordinary Shares totrading on AIM, it is anticipated that trading will commence on 4 June 2007. Thenew Ordinary Shares will rank in full for all dividends or other distributionsmade, paid or declared after admission and pari passu in all other respects withthe existing Ordinary Shares. For further Information contact: Northern Bear PLCGraham Forrest, Chief Executive Officer Tel: +44 (0) 191 371 2934 Dawnay, Day Corporate Finance LimitedAlex Stanbury Tel: +44 (0) 207 509 4570Paul Cocker Tel: +44 (0) 207 509 4570 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Northern Bear