Results of Secondary Placing in Glenveagh Plc
Teleios sold 20.6m shares at €2.23 each; Glenveagh received €20m in buyback participation.
- Shares placed 20,633,681 ordinary shares
- Price per share €2.23
- Percentage of issued capital 4.1%
- Proceeds to Glenveagh €20 million
- Teleios remaining holding 10.6% of issued capital
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Further to the announcement released on 14 September 2026 in relation to a proposed secondary sale of ordinary shares (the "Placing Shares") in Glenveagh Properties Plc ("Glenveagh"), Teleios Capital Partners LLC, acting through Teleios Opportunities Special Investment 2 (the "Seller") announces that it has sold 20,633,681 ordinary shares at the price of €2.23 per share, representing approximately 4.1% of Glenveagh's issued share capital.
Following the Placing, Teleios Capital Partners LLC, through its investment vehicles, will hold 52,881,844 ordinary shares corresponding to approximately 10.6% of Glenveagh's entire issued share capital. These shares are subject to a 90-day lock-up undertaking (subject to certain customary exceptions).
Glenveagh was allocated approximately €20 million in the Placing. Glenveagh's participation in the Secondary Share Placement was 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 2026 Annual General Meeting on 15 May 2026.
Jefferies International Limited and Jefferies GmbH ("Jefferies") acted as Sole Global Coordinator and Sole Bookrunner in connection with the Placing (collectively the "Sole Global Coordinator").
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.