17. Net Asset Value per share

The Net Asset Value per share calculation uses the number of shares in issue at the end of the year and the values of assets and liabilities as reported in the balance sheet.

2025

2024

Basic and diluted Net Asset Value per share

£7.38

£6.95

Net assets attributable to shareholders (’000)

£1,232,866

£1,225,956

Number of shares in issue at year end (’000)

167,131

176,418