12. Net Asset Value per share

The net asset value per share calculation uses the number of shares in issue at the end of the period.

As at

 30 June 2025

As at

 31 December 2024

As at

 30 June 2024

Basic and diluted net asset value per share

£7.42

£6.95

£7.08

Net assets attributable to shareholders (’000)

£1,275,091

£1,225,956

£1,249,010

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

171,887

176,418

176,418