Net Asset Value(s)

Develop North PLC

31 July 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OF AMERICA OR TO US PERSONS, OR TO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

For release on 31 July 2024

DEVELOP NORTH PLC

(the "Company")

Net Asset Value

Quarterly Net Asset Value 31 May 2024

The Company announces that its unaudited Net Asset Value ("NAV") per share as at 31 May 2024 on a cum-income basis was 79.55 pence. This represents an increase of 0.4 pence, equivalent to 0.5%, on the NAV as at 29 February 2024.

For further information regarding Develop North PLC (LEI: 213800EXPWANYN3NEV68) please call: 

Develop North PLC Ian McElroy	[phone]
Tier One Capital Ltd (Investment Adviser) Brendan O'Grady	[phone]
Apex Fund Administration Services (UK) Limited (Secretary) Nicola Board	[phone]
Cavendish Capital Markets Limited (Sponsor, Broker and Financial Adviser) James King / Andrew Worne	[phone]

Develop North PLC is a closed-end investment company listed on the main market of the London Stock Exchange and specialises in providing finance to the residential and commercial property sector.

The Company's investment adviser is Newcastle upon Tyne based Tier One Capital Ltd.   Tier One Capital is a wealth management and property lending firm providing financial advice services and bespoke tailored lending to the property development market.

 

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