Statement re Secondary Placing in Glenveagh
Teleios Capital Partners intends to sell approximately 5 per cent of issued share capital; Glenveagh to buy at least 10 per cent of placement.
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Glenveagh Properties plc ("Glenveagh " or "the Company"), has been informed by Teleios Capital Partners LLC, acting through Teleios Global Opportunities Master Fund, Ltd, that it intends to sell approximately 5 per cent of the issued share capital of the Company (the "Secondary Share Placement").
Glenveagh confirms it intends to participate in the Secondary Share Placement by purchasing at least at least 10% of the Secondary Share Placement. Any shares purchased by the Company through this placement will be cancelled.
Glenveagh's participation in the Secondary Share Placement will be conducted within the limitations of the Company's on-going buyback programme and the general authority to repurchase shares as set out in Resolution 10 approved by the Company's shareholders at the 2025 Annual General Meeting on 22 May 2025.
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