News blog
Northern Bear
- BY: Andrew Hore |
- POSTED: 19/10/2011 |
North East-based businessman Roy Stanley is building up a stake in Newcastle-upon-Tyne-based building services firm Northern Bear.
He has acquired 680,000 shares at 11p each. That increases his stake from 1.23% to 5.04%.
Graham Forrest resigned as chief executive of Northern Bear last week. At 10.25p a share, Northern Bear is valued at £1.94m.
Stanley stepped down as chairman of electric vehicles company Tanfield at the end of 2009, although he is still a non-executive director and he is chairman of 49%-owned US associate Smiths Electric Vehicles. Northern Bear chairman Jon Pither took over from him as chairman of Tanfield.
Earlier this year, Stanley was selling his shares in bus manufacturer Optare and he no longer has a disclosable stake. He did not stand for re-election to the board at Optare’s AGM in July 2009. At that time he owned just over 30% of Optare.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2011_25.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|