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Develop North PLC announced that all eight resolutions proposed at its General Meeting on 18 February 2026 were passed. Each resolution received 15,799,780 votes in favour (100% of votes cast), granting the Directors authority to allot and issue up to 368 million Ordinary Shares and/or C Shares, and adopting the Proposed Investment Objective and Investment Policy and the New Articles.
| Date | 18 Feb 2026 |
| Time | 14:18:41 |
| Category | AGMs and other meetings |
| ID | 5502T |
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 Initial Issue and the Share Issuance Programme |
15,799,780 |
100% |
0 |
0.00% |
15,799,780 |
0 |
|
2. Disapplication of pre-emption rights in connection with the Initial Issue and the Share Issuance Programme |
15,799,780 |
100% |
0 |
0.00% |
15,799,780 |
0 |
|
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 Admission |
15,799,780 |
100% |
0 |
0.00% |
15,799,780 |
0 |
|
7. Authority to make market purchases of Ordinary Shares and/or C Shares following any Subsequent Admission |
15,799,780 |
100% |
0 |
0.00% |
15,799,780 |
0 |
|
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:
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Develop North PLC |
+44 (0) 191 222 0099
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Tier One Capital Limited (Investment Adviser) |
+44 (0) 191 222 0099 |
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Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker) |
+44 (0) 207 220 0500
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