Director/PDMR Shareholding
In brief · summary, not quotable
Glenveagh Properties plc announced that Chief Executive Officer Stephen Garvey was granted a one-off premium-priced share option award under the CEO Special Option Plan on May 15, 2026. The award consists of 11,000,000 ordinary shares, with options granted at prices ranging from €3.25 to €4.25 per share, and will vest in five equal tranches between May 2030 and May 2032, with a final exercise date of May 15, 2036.
Full announcement
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||
| a) | Name | Stephen Garvey | ||||||||||||
| Reason for the notification | ||||||||||||||
| a) | Position/status | Chief Executive Officer/PDMR | ||||||||||||
| b) | Initial Notification Amendment | Initial notification | ||||||||||||
| a) | Name | Glenveagh Properties plc | ||||||||||||
| b) | LEI | 635400QUQ2YYGMOAK834 | ||||||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574 | ||||||||||||
| b) | Nature of the transaction | Grant of a one-off premium-priced share option award under the CEO Special Option Plan, as approved by shareholders at the 2026 AGM | ||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||||||||||
| e) | Date of the transaction | 15 May 2026 | ||||||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||||||
| g) | Additional Information | Subject to satisfaction of the conditions of the CEO Special Option Plan, the option award will vest and become exercisable at the relevant exercise price in five equal tranches on the dates set out below: Price(s) Volume(s) Date of Vesting €3.25 2,200,000 15 May 2030 €3.50 2,200,000 15 November 2030 €3.75 2,200,000 15 May 2031 €4.00 2,200,000 15 November 2031 €4.25 2,200,000 15 May 2032 The final exercise date of the option award is 15 May 2036. | ||||||||||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.