IN BRIEF: Develop North shares rise as hires Michelle Percy as CEO

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Develop North PLC - Newcastle, England-based investor in the residential and commercial property sector - Appoints Michelle Percy as chief executive officer, effective immediately. Percy worked at Newcastle City Council for almost nine years, where she played a ‘leading’ role in fostering public-private partnerships and attracting inward investment, Develop North says.

Chair John Newlands says: ‘Michelle brings an outstanding pedigree to Develop North, with a strong track record across the North East in securing investment, delivering major regeneration schemes and building strategic partnerships. The board is confident that her appointment will support Develop North’s next phase of growth.’

Percy says: ‘Develop North has a unique role in unlocking inward investment and giving people the opportunity to invest in the region’s future...I look forward to helping develop a platform that channels capital into projects that deliver meaningful impact.’

Current stock price: 80.00 pence each, up 9.6% on Monday morning in London

12-month change: up 2.6%

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