Result of Secondary Placing in Glenveagh
Teleios Capital Partners sold 28.4m shares at €1.77 per share, reducing stake to 16.1%.
- Shares placed 28,381,760
- Placing price €1.77 per share
- Seller's stake after placing 16.1%
- Percentage of issued capital 5.3%
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Further to the announcement released on 07 October 2025 in relation to a proposed secondary sale of ordinary shares (the "Placing Shares") in Glenveagh Properties Plc ("Glenveagh" or the "Company"), Teleios Capital Partners LLC, acting through Teleios Global Opportunities Master Fund, Ltd. (the "Seller") announces that, subject to completion, it has sold in aggregate 28,381,760 ordinary shares at the price of €1.77 per share. The Placing Shares represent approximately 5.3% of Glenveagh's issued share capital.
Following the completion of the Placing, the Seller will hold 85,515,525 ordinary shares corresponding to approximately 16.1% of Glenveagh's entire issued share capital. These shares are subject to a 150-day lock-up undertaking (subject to certain customary exceptions).
J&E Davy ("Davy"), Jefferies International Limited and Jefferies GmbH ("Jefferies") are acting as joint global coordinators and joint bookrunners in connection with the Placing (collectively the "Joint Global Coordinators").
The Company will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.