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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
| +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) Nicola Board
| +44 (0) 1245 398950 |
| Cavendish Capital Markets Limited (Sponsor, Broker and Financial Adviser) James King / Andrew Worne | +44 (0) 207 908 6000 |
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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