5th Apr 2007 07:01
Northern Bear Plc05 April 2007 Northern Bear PLC Issue of equity For Immediate Release 5 April 2007 The Board of Northern Bear PLC ("Northern Bear" or the "Company") announces thatit has issued and allotted a further 218,549 Ordinary Shares of 1p each in thecapital of the Company (the "New Shares) in partial satisfaction of additionalconsideration payable by the Company in connection with the acquisition of MGMLtd., announced on 5 February 2007. The New Shares will rank pari passu with theexisting Ordinary Share capital of the Company and have been allotted and issuedas fully paid. Application has been made for the New Shares to be admitted to trading on AIMand dealings are expected to commence on 11 April 2007. Following admission, the total issued Ordinary Share capital of the Company hasincreased to 12,226,583 Ordinary Shares of 1p each. For further Information contact : Northern Bear PLCGraham Forrest, Chief Executive Officer Tel:+44 (0) 191 371 2934 Dawnay, Day Corporate Finance LimitedSunil Sanikop 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