REG - Glenveagh Properties - Share buyback tranche of up to €25 million

Glenveagh PropertiesAnnouncement

18/05/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260518:nRSR6129Ea&default-theme=true

RNS Number : 6129E  Glenveagh Properties plc  18 May 2026

 

Glenveagh Properties plc

 

Share buyback tranche of up to €25 million

 

Glenveagh Properties plc ("Glenveagh" or the "Group") announced on 15 May 2026
that the share buyback programme initially announced on 15 January 2026 had
been expanded to €50 million.

 

The Group has entered into arrangements with J&E Davy UC ("Davy") to
execute the remaining €25 million of the expanded €50 million share
repurchase programme pursuant to which Davy will repurchase Shares on
Glenveagh's behalf (the "Buyback").

 

The purpose of the Buyback is to reduce the share capital of Glenveagh and it
will be conducted in accordance with (and within the parameters prescribed by)
the Company's general authority to repurchase Shares as approved by
shareholders at the Company's AGM on 15 May 2026 (and as such authority may be
renewed and/or amended). All Shares repurchased will be cancelled.

 

The Buyback will commence later today, 18 May 2026, and may continue until 31
December 2026 subject to market conditions, the ongoing capital requirements
of the business and in accordance with the Group's capital allocation
strategy. Under the terms of the Buyback, the Shares will be repurchased on
Euronext Dublin and will be subsequently cancelled.  Purchases made under the
Buyback will be announced on a weekly basis.

 

Glenveagh has entered non-discretionary instructions with Davy, acting as
principal, to conduct the Buyback on Glenveagh's behalf and to make trading
decisions under the Buyback independently of Glenveagh in accordance with
certain pre-set parameters.

 

The Buyback will at all times be conducted in accordance with (and within the
parameters prescribed by) the Market Abuse Regulation 596/2014 and the
Commission Delegated Regulation (EU)2016/1052 (including as it forms part of
retained EU law in the United Kingdom from time to time, and, where relevant,
pursuant to the UK's European Union (Withdrawal) Act 2018 and the UK's Market
Abuse (Amendment) (EU Exit) Regulations 2019) and in accordance with Chapter 9
of the Euronext Dublin Listing Rules and Chapter 12 of the UK Financial
Conduct Authority Listing Rules as well as the rules of the Central Bank of
Ireland.

 

The execution of the Buyback may be augmented by the purchase of Shares by way
of block trades. The maximum number of shares which can be repurchased by the
Group under the Buyback will be reduced by the corresponding amount of capital
returned through block trades.

 

There is no guarantee that the Buyback will be implemented in full.

 

For further information please contact:

 

 Investors:                Media:
 Glenveagh Properties plc  Gordon MRM

 Conor Murtagh (CFO)       Ray Gordon 087 241 7373

                           Julian Fleming 087 691 5147

 investors@glenveagh.ie    glenveagh@gordonmrm.ie

 

Notes to Editors

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock
Exchange, is a leading Irish homebuilder.

 

Supported by innovation and our internal manufacturing capability, Glenveagh
is committed to opening access to sustainable, high-quality homes to as many
people as possible in flourishing communities across Ireland.

 

We are focused on two core areas to achieve this: Homebuilding and
Partnerships. Our Homebuilding division is the leading provider of own-door
single-family homes in Ireland, primarily in Dublin and the Greater Dublin
Area. Our Partnerships division focuses on creating vibrant communities
nationwide through a mix of suburban single-family and urban multi-family
developments. Often funded or acquired by the state or state entities, these
projects enable us to deliver affordable and high-quality housing options for
everyone.

 

www.glenveagh.ie (http://www.glenveagh.ie/)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAKABDABKDNPD



            Copyright 2019 Regulatory News Service, all rights reserved