Results of Secondary Placing in Glenveagh
Teleios Capital sold 12m shares at €2.15 per share, reducing stake to 14.4%.
- Placing shares 12 million
- Placing price per share €2.15
- Seller stake after completion 14.4%
- Placing shares as % of issued capital 2.3%
Select text to share a quote on X · sign in to keep highlights & notes in your GLV notes
Further to the announcement released on 07 May 2026 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 12 million ordinary shares at the price of €2.15 per share. The Placing Shares represent approximately 2.3% of Glenveagh's issued share capital.
Following the completion of the Placing, the Seller will hold 73,515,525 ordinary shares corresponding to approximately 14.4% of Glenveagh's entire issued share capital. These shares are subject to a 90-day lock-up undertaking (subject to certain customary exceptions).
J&E Davy ("Davy"), is acting as Sole Bookrunner in connection with the Placing (the "Bookrunner").
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.