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Northern Bear (NTBR): Tender offer

This situation live

NTBR Northern Bear

£18m · 129.0p · +10% since the first step
Capital return
Tender offer
proposed
Kindtender offer
Amountup to £9.1m
Of market value56.4%

As of 10 Nov 2026 ↗

Since Oct 2023: 135 situations of this kind – paid out 63%, went quiet 37%; median share price +6% six months after they opened

DEC22 Next: Tender offer results and General Meeting for approval in 41 days
Every step · 1
  1. 10 Nov 2026 proposed – The Group is announcing today a proposed return of capital of up to £9.1m by way of a tender offer for up to 6,900,000 Ordinary Shares at a price of 132.5p... ↗

What is happening

Northern Bear: Tender offer – proposed. ['proposed']

In short
Northern Bear proposed a return of capital by tender offer on 10 Nov 2026, alongside its H1 FY27 results. It offers up to £9.1m for up to 6,900,000 shares at 132.5p, subject to shareholder approval. Group net cash was £4.8m at 30 Sep 2026.
Announced
10 Nov 2026 · proposed
Size
Up to £9.1m for up to 6,900,000 Ordinary Shares
Price
132.5p per Ordinary Share
Conditions
Subject, inter alia, to shareholder approval
Timetable
Results on or around 7 December; General Meeting on or around 22 December
Circular
Posted to shareholders later on 10 Nov 2026

What comes next

Tender offer results and General Meeting for approval (22 Dec 2026).

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Also at Northern Bear 0 open
Upgrade / downgrade cycleResults ahead of expectations – ahead of expectations · second in 12 months · closed Insider conviction2 directors buying – £52k in 3 buys since 20 May · closed Northern Bear – company page →

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