Statement On Secondary Share Placing
Teleios Capital selling approximately 12 million shares; Glenveagh purchasing €10m worth for cancellation.
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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 12 million ordinary shares of the Company (the "Secondary Share Placement").
Glenveagh confirms it intends to participate in the Secondary Share Placement by purchasing approximately €10m in value of the Secondary Share Placement. Any ordinary 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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