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Glenveagh Properties (CDI)

GLV · Main Market · Consumer Products and Services · mcap £997m · €2.31 (≈193p) 6 open situations →

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Open · 6

Delisting / take-private◷ in 34 days

Delisting from London Stock Exchange

Delisting announced 19 Oct 2026; FCA cancellation requested

Glenveagh announced on 19 Oct 2026 its intention to delist from the LSE after a review of its listing structures, citing low LSE trading activity and the extra cost and regulatory burden. It keeps its primary Euronext Dublin listing and the Irish Corporate Governance Code 2024. Cancellation is effective 30 Nov 2026.

Reason
Review of listing structures: level of LSE trading activity, additional cost, and regulatory and administrative obligations 19 Oct 2026 ↗
Last trading day
Friday 27 November 2026 on the LSE 19 Oct 2026 ↗
Effective date
8.00 a.m. (London time) on Monday 30 November 2026 19 Oct 2026 ↗
Remaining listing
Primary listing on the regulated market of Euronext Dublin continues 19 Oct 2026 ↗
Process
Company has asked the FCA to cancel the Official List listing; at least 20 business days' notice required 19 Oct 2026 ↗

Next: Last day of LSE trading, then cancellation of LSE listing · 27 Nov 2026

  1. 19 Oct 2026 Delisting announced 19 Oct 2026; FCA cancellation requested
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Overhang

Teleios Capital Partners LLC selling down

16% → 10.67% in 1 notice

Next: 10.67% still held

  1. 17 Sep 2026 10.67%
  2. 8 May 2026 16%
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Upgrade / downgrade cycle

Land sales programme

2026 guidance cut to about €20m

Next: €25m of land sales expected in 2027

  1. 10 Sep 2026 2026 guidance cut to about €20m
  2. 15 May 2026 On track for about €45m in 2026
  3. 13 Mar 2026 €55m sold in 2025; more contracted or negotiating
  4. 15 Jan 2026 €55m sold in 2025; more contracted or negotiating
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Transformational contract / build-out

Partnerships mandates pipeline

Order book approaching €1bn; 1,000 units in talks

Next: update on conversion of about 1,000 units at full year results

  1. 10 Sep 2026 Order book approaching €1bn; 1,000 units in talks
  2. 15 May 2026 Order book about €800m; advancing as expected
  3. 13 Mar 2026 337 apartments contracted; 350 units subject to planning
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Capital return

Buyback programme

proposed

Next: further returns from H2 cash generation as buyback runs

  1. 10 Sep 2026 announced
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Overhang

FIL Limited selling down

13.9952% → 4% in 1 notice

Next: 4% still held

  1. 21 May 2026 4%
  2. 2 Apr 2026 13.9952%
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Closed · 1

Capital returnBuyback programme paid out · 8 Dec 2025 – 15 Jan 2026 +21%

Company filings. Not investment advice.

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