REG - Develop North PLC - Net Asset Value(s)

Develop NorthAnnouncement

26/04/2024 07:00

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RNS Number : 1215M  Develop North PLC  26 April 2024

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For release on 26 April 2024

 

DEVELOP NORTH PLC

(the "Company")

 

Quarterly Net Asset Value as at 29 February 2024

 

 

 

The Company announces that its unaudited Net Asset Value ("NAV") per share as
at 29 February 2024 on a cum-income basis was 79.15 pence. This represents an
increase of 0.23 pence, equivalent to 0.3%, on the NAV as at 30 November 2023.

 

 

 

 

 

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

 

 Develop North PLC                                                          +44 (0) 191 222 0099

 Ian McElroy

 Tier One Capital Ltd (Investment Adviser)                                  +44 (0) 191 222 0099

 Brendan O'Grady
 Apex Fund Administration Services (UK) Limited (Secretary)                 +44 (0) 1245 398950

 Nicola Board

 Cavendish Capital Markets Limited (Sponsor, Broker and Financial Adviser)  +44 (0) 207 220 0500

 James King / Andrew Worne

 

Develop North PLC 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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