DEVELOP NORTH PLC — AGM Information 2020

May 6, 2020

National Storage Mechanism | Additional information

RNS Number : 1053M

TOC Property Backed Lendng Tst PLC

06 May 2020

6 May 2020

TOC PROPERTY BACKED LENDING TRUST PLC

Notice of Annual General Meeting

The Board of Directors (the "Board") of TOC Property Backed Lending Trust (the "Company" or "PBLT") announces that notice of the Company's Annual General Meeting ("AGM") was posted to shareholders on 5 May 2020. The AGM is to be held at 12 noon on 29 May 2020 at Tier One Capital, Keel House, Garth Heads, Newcastle-upon-Tyne NE1 2JE.

The notice of AGM contains resolutions to re-elect the Directors but does not contain any resolutions pertaining to the approval of the 2019 Annual Report, publication of which has been delayed due to the impact of the COVID-19 pandemic.

Given the current restrictions on travel and public gatherings in response to the COVID-19 pandemic the AGM will be run as a closed meeting and shareholders will not be able to attend in person. The Board strongly encourages shareholders to submit their votes by proxy. Shareholders are advised to appoint the Chairman of the meeting as their proxy to ensure that their vote is counted.

The Notice of AGM will shortly be available to view on the Company's website: www.tocpropertybackedlendingtrust.co.uk, and via the National Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

For further information regarding the Company (Ticker: PBLT) (LEI: 213800EXPWANYN3NEV68) please call:

Tier One Capital Ltd (Investment Adviser) Ian McElroy/Brendan O'Grady	+44 (0) 191 222 0099
finnCap Ltd (Broker and Financial Adviser) William Marle / Giles Rolls	+44 (0) 207 220 0500
Maitland Administration Services (Scotland) Limited (Secretary)	+44 (0) 1245 398 984

Notes to Editors:

TOC Property Backed Lending Trust PLC is a closed-end investment company. Its investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term while managing downside risk through: (i) a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the UK; and (ii) in many cases, receiving the benefit of an associated profit share usually obtained by acquiring (at nil cost) a minority equity stake in the relevant borrower project development vehicle.

Tier One Capital is a Newcastle upon Tyne headquartered wealth management company and the appointed investment adviser to the TOC Property Backed Lending Trust PLC. Tier One Capital has offices in Newcastle, London and Switzerland, and specialises in providing wealth management advice to high net worth individuals, corporates and charities.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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