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Net Asset Value(s)

1st May 2025 12:02

RNS Number : 0841H
Develop North PLC
01 May 2025
 

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 1 May 2025

 

DEVELOP NORTH PLC

(the "Company")

 

Quarterly Net Asset Value as at 28 February 2025

 

 

 

The Company announces that its unaudited Net Asset Value ("NAV") per share as at 28 February 2025 on a cum-income basis was 79.96 pence, an increase of 0.17 pence per share as compared to the NAV per share as at 30 November 2024. 

 

 

 

 

 

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

 

Develop North PLC

Ian McElroy

 

 

+44 (0) 191 222 0099

Tier One Capital Ltd (Investment Adviser)

Brendan O'Grady

+44 (0) 191 222 0099

Apex Fund Administration Services (UK) Limited (Secretary)

Suzanna Waterhouse

 

+44 (0) 1245 398984

Cavendish Capital Markets Limited (Sponsor, Broker and Financial Adviser)

Andrew Worne

+44 (0) 207 220 0500

 

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 fund management firm providing financial advice services and bespoke tailored lending to the property development market.

 

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Develop North
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