DEVELOP NORTH PLC

Net Asset Value • Nov 21, 2024

National Storage Mechanism | Additional information

RNS Number : 2097N

Develop North PLC

21 November 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 21 November 2024

DEVELOP NORTH PLC

(the "Company")

Net Asset Value

Quarterly Net Asset Value 31 August 2024

The Company announces that its unaudited Net Asset Value ("NAV") per share as at 31 August 2024 on a cum-income basis was 79.79 pence. This represents an increase of 0.24 pence, equivalent to 0.3%, on the NAV as at 31 May 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)	+44 (0) 1245 398950
Cavendish Capital Markets Limited (Sponsor, Broker and Financial Adviser) James King / Andrew Worne	+44 (0) 207 908 6000

Notes to Editors:

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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