REG - Northern Bear Plc - Board Changes

Northern BearAnnouncement

17/07/2024 07:00

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RNS Number : 6652W  Northern Bear Plc  17 July 2024

17 July 2024

Northern Bear plc

("Northern Bear," the "Company")

 

Board Changes

Northern Bear (LSE:NTBR), the AIM quoted holding company of the group of
companies providing specialist building and support services headquartered
in Northern England and serving customers across the UK, is pleased to
announce the appointment of Simon Carr CBE as Non-Executive Chairman of the
Company with immediate effect.

Harry Samuel, Interim Non-Executive Chairman, resumes his previous role of
Non-Executive Director with immediate effect.

Anil Khera will be stepping down from his role as Non-Executive Director, with
immediate effect, in order to provide the board with an appropriate balance
between Executive and Non-Executive Directors. The board would like to thank
Anil for his hard work and contribution to the Company and wishes him well for
his future endeavours.

Simon Carr is a highly experienced individual with over 45 years' experience
in the construction industry, having sat on the board of both private and
public companies. He was notably recognised in the 2020 Queen's Birthday
Honours List, receiving a CBE for services to the construction industry and
charity.

Simon sits on the board of trustees at Beverly Minister Old Fund and is the
chair of the board of Road Link (A69) Limited and Road Link (A69) Holdings
Limited (both companies that Henry Boot Plc hold a majority shareholding in).
He is also the Independent Company Secretary and past national chair of the
National Federation of Builders.

Simon was previously the Managing Director of Henry Boot Construction Limited
and sat on the Executive Committee of Henry Boot Plc. He was also a
private-sector board member for the Sheffield City Region Local Enterprise
Partnership Board for eight years, sitting on a number of associated public
and private sector boards. Simon sat on the CBI Construction Council for six
years and is a past president of the Yorkshire Builders Federation.

 

Further information on Simon Carr's appointment:

The following details in relation to the appointment of Simon Carr are
disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

Simon Alexander Carr (aged 65) has held the following directorships and/or
partnerships in the past five years.

 Current Directorships/Partnerships       Past Directorships/Partnerships (last five years)
 Road Link (A69) Limited                  Henry Boot Construction Limited
 Road Link (A69) Holdings Limited         Starfish Commercial Limited
 Beverley Minister Old Fund               Wildgoose Construction Limited
 National Federation of Builders Limited  Wentworth Woodhouse Preservation Trust
                                          Yorkshire Builders Federation Limited

Simon Carr was a director of Starfish Commercial Limited, a subsidiary of
Henry Boot Construction Limited, when it entered creditors' voluntary
liquidation following the impact of COVID-19 on 22 September 2020 with
insolvency proceedings ongoing. As of 17 November 2023, the liquidators
anticipate secured preferential and preferential creditors to be paid in full,
the dividend to unsecured creditors remains to be determined with insolvency
proceedings ongoing.

Simon Carr was a non-executive director of Wildgoose Construction Limited when
it was placed into administration on 2 November 2021, later being placed into
creditors' voluntary liquidation on 3 November 2022 with proceedings ongoing.
As of 12 December 2023, full distribution for the secured and ordinary
preferential creditors have been paid, with amounts payable to HMRC and
unsecured creditors to be determined with insolvency proceedings ongoing.

There is no further information to be disclosed in relation to Simon Carr's
appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii)
of the AIM Rules for Companies.

 

For further information, please contact:

 Northern Bear PLC                           +44 (0) 166 182 0369

 Tom Hayes - Finance Director
 John Davies - Chief Executive Officer

 Strand Hanson Limited (Nominated Adviser)   +44 (0) 20 7409 3494

 James Harris

 James Bellman

 Hybridan LLP (Nominated Broker)             +44 (0) 20 3764 2341

 Clarie Louise Noyce

 

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018.

 

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