TIDMNTBR

RNS Number : 5598W

Northern Bear Plc

13 December 2023

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer) (i)

 
 1a. Identity of the issuer or the                                Northern Bear PLC (CRN: 05780581) 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
 1b. Please indicate if the issuer is a non-UK issuer (please mark 
  with an "X" if appropriate) 
 Non-UK issuer 
                                                                                                      ---- 
 2. Reason for the notification (please mark the appropriate box or 
  boxes with an "X") 
 An acquisition or disposal of voting rights                                                            X 
                                                                                                      ---- 
 An acquisition or disposal of financial instruments 
                                                                                                      ---- 
 An event changing the breakdown of voting rights 
                                                                                                      ---- 
 Other (please specify)(iii) : 
                                                                                                      ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                      Cedarvale Holdings Ltd (CRN: 12195328) 
                                                            and its sole shareholder, Jeff Baryshnik 
                                                          ------------------------------------------------ 
 City and country of registered office                     London, United Kingdom 
  (if applicable) 
                                                          ------------------------------------------------ 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name 
                                                          ------------------------------------------------ 
 City and country of registered office 
  (if applicable) 
                                                          ------------------------------------------------ 
 5. Date on which the threshold was                        8 December 2023 
  crossed or reached (vi) : 
                                                          ------------------------------------------------ 
 6. Date on which issuer notified                          12 December 2023 
  (DD/MM/YYYY): 
                                                          ------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                          % of voting        % of voting rights      Total of both     Total number 
                         rights attached      through financial        in % (8.A +      of voting rights 
                            to shares            instruments              8.B)          of issuer (vii) 
                          (total of 8.          (total of 8.B 
                               A)                1 + 8.B 2) 
                       -----------------  -----------------------  -----------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                 12.4%                  N/A                  12.4%              1,708,745 
                       -----------------  -----------------------  -----------------  -------------------- 
 Position of 
  previous 
  notification 
  (if applicable)            25.6%                  N/A                  25.6%              4,736,717 
                       -----------------  -----------------------  -----------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of       Number of voting rights                            % of voting rights 
  shares              (ix) 
  ISIN code (if 
  possible) 
                    -------------------------------------------------  ------------------------------------------------ 
                            Direct                   Indirect                    Direct                  Indirect 
                      (Art 9 of Directive      (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)             2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                (DTR5.2.1)                                          (DTR5.2.1) 
                    ----------------------  -------------------------  -------------------------  --------------------- 
 Ordinary shares 
  of GBP0.01               1,708,745                                             12.4% 
                    ----------------------  -------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. 
  A                                     1,708,745                                            12.4% 
                    -------------------------------------------------  ------------------------------------------------ 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of financial   Expiration     Exercise/                       Number of voting               % of voting 
  instrument          date (x)       Conversion Period               rights that may                rights 
                                     (xi)                            be acquired if 
                                                                     the instrument 
                                                                     is exercised/converted. 
                    -------------  ------------------------------  -----------------------------  --------------------- 
 N/A                 N/A            N/A                             N/A                            N/A 
                    -------------  ------------------------------  -----------------------------  --------------------- 
 
 
                                    SUBTOTAL 8. B                   N/A                            N/A 
                                     1 
                                   ------------------------------  -----------------------------  --------------------- 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of        Expiration          Exercise/              Physical            Number of           % of voting 
  financial      date (x)            Conversion             or cash             voting rights       rights 
  instrument                         Period (xi)            settlement 
                                                            (xii) 
               ------------------  ---------------------  ------------------  ------------------  --------------------- 
 N/A            N/A                 N/A                    N/A                 N/A                 N/A 
               ------------------  ---------------------  ------------------  ------------------  --------------------- 
 
 
                                                           SUBTOTAL            N/A                 N/A 
                                                            8.B.2 
                                                          ------------------  ------------------  --------------------- 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any 
  other undertaking(s) holding directly or indirectly an interest 
  in the (underlying) issuer(xiii) 
                                                                                            ---- 
 Full chain of controlled undertakings through which the voting                               X 
  rights and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
                                                                                            ---- 
        Name (xv)            % of voting rights     % of voting rights       Total of both if 
                               if it equals or       through financial        it equals or is 
                                  is higher                 in-                   higher 
                             than the notifiable      struments if it       than the notifiable 
                                  threshold         equals or is higher          threshold 
                                                    than the notifiable 
                                                         threshold 
                           ---------------------  ---------------------  ----------------------- 
 Jeff Baryshnik             100%                   N/A                    100% 
                           ---------------------  ---------------------  ----------------------- 
 
 
 
 
 10. In case of proxy voting, please 
  identify: 
------------------------------------------------  ---------------------------------------------- 
 Name of the proxy holder                          N/A 
                                                  ---------------------------------------------- 
 The number and % of voting rights                 N/A 
  held 
                                                  ---------------------------------------------- 
 The date until which the voting rights            N/A 
  will be held 
                                                  ---------------------------------------------- 
 11. Additional information (xvi) 
 N/A 
 
 Place of completion    London, United Kingdom 
                       --------------------------------------------------------------------------- 
 Date of completion     12 December 2023 
                       --------------------------------------------------------------------------- 
 
 

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