REG - Develop North PLC - Net Asset Value(s)

Develop NorthAnnouncement

30/04/2026 13:45

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RNS Number : 6413C  Develop North PLC  30 April 2026

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For release on 30 April 2026

 

DEVELOP NORTH PLC

LEI: 213800EXPWANYN3NEV68

 

(the 'Company' or 'DVNO')

 

Quarterly Net Asset Value as at 28 February 2026

 

 

 

The Company announces that its unaudited Net Asset Value ("NAV") per share as
at 28 February 2026 on a cum-income basis was 77.60 pence, an increase of 0.12
pence per share as compared to the NAV per share as at 30 November 2025.

 

 

 

Enquiries:

 

 Develop North PLC                                                               +44 (0) 191 222 0099
 Michelle Percy

 Ian McElroy
 Tier One Capital Ltd (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
 Alma Strategic Communications (Financial Communications Adviser)                +44 (0) 203 405 0211
 Andrew Jaques

Joe Pederzolli

Louisa El-Ahwal

 Apex Fund Administration Services (UK) Limited (Secretary)                     +44 (0) 1245 398950

Notes to Editors:

 

Develop North PLC's 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, through a diversified portfolio of investments
predominantly in the North East of England.

 

The Company has the financial strength, credibility and professionalism
expected of a business listed on the London Stock Exchange, while also
offering the flexibility, creativity and common sense of an approachable,
local business.

 

Since the Company's IPO in 2017, it has invested almost £90 million of
capital into the North of England and Scotland and has helped support an
estimate 12,000 jobs with a gross development value of more than £280
million.

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