REG - Develop North PLC - General Meeting Result

Develop NorthAnnouncement

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RNS Number : 5502T  Develop North PLC  18 February 2026

DEVELOP NORTH PLC

(the "Company" or "DVNO" or "Develop North")

 

Result of General Meeting

18 February 2026

 

The Company is pleased to announce that all resolutions put to the General
Meeting of the Company held earlier today were duly passed on a poll.
Accordingly, the Proposed Investment Objective and Investment Policy has been
adopted and the Directors have been granted the authorities set out in the
Circular, including the authority to allot and issue up to 368 million
Ordinary Shares and/or C Shares in connection with the Initial Issue and the
Share Issuance Programme. Defined terms used in this announcement have the
meanings given in the Company's circular to Shareholders published on 16
January 2026 (the "Circular").

 

Details of the number of votes cast for, against and withheld in respect of
each resolution are set out below and will also be published on the Company's
website at www.developnorth.co.uk.

 

 Resolution                                                                    Votes For   %     Votes Against  %      Votes Total  Votes Withheld
 1. Authority to allot Ordinary Shares and/or C Shares in connection with the  15,799,780  100%  0              0.00%  15,799,780   0
 Initial Issue and the Share Issuance Programme
 2. Disapplication of pre-emption rights in connection with the Initial Issue  15,799,780  100%  0              0.00%  15,799,780   0
 and the Share Issuance Programme
 3. Adoption of the Proposed Investment Objective and Investment Policy        15,799,780  100%  0              0.00%  15,799,780   0
 4. Additional authority to allot Ordinary Shares                              15,799,780  100%  0              0.00%  15,799,780   0
 5. Additional disapplication of pre-emption rights                            15,799,780  100%  0              0.00%  15,799,780   0
 6. Authority to make market purchases of Ordinary Shares following Initial    15,799,780  100%  0              0.00%  15,799,780   0
 Admission
 7. Authority to make market purchases of Ordinary Shares and/or C Shares      15,799,780  100%  0              0.00%  15,799,780   0
 following any Subsequent Admission
 8. Adoption of the New Articles                                               15,799,780  100%  0              0.00%  15,799,780   0

 

Notes:

1. A "vote withheld" is not a vote in law and has not been counted in the
calculation of the proportion of the votes for and against each resolution.

 

The full text of the resolutions is set out in the Notice of General Meeting
contained in the Circular.

 

A copy of the resolutions passed at the General Meeting has been submitted to
the National Storage Mechanism and will shortly be available for inspection
at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

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

 Develop North PLC                                                           +44 (0) 191 222 0099
 Ian McElroy

 Tier One Capital Limited (Investment Adviser)                               +44 (0) 191 222 0099
 Brendan O'Grady
 Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker)  +44 (0) 207 220 0500
 Robert Peel

Andrew Worne

Oscar Valeur-Adu

 

 

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