REG - Glenveagh Properties - Appointment of Two New Non-Executive Directors

Glenveagh PropertiesAnnouncement

10/01/2024 07:15

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RNS Number : 1678Z  Glenveagh Properties plc  10 January 2024

10 January 2024

 

Glenveagh Properties plc

Appointment of Two New Non-Executive Directors

Dublin/London, 10 January 2024: Glenveagh Properties plc (the "Company") a
leading Irish homebuilder, is pleased to announce the appointment of Lorna
Conn as an independent non-executive Director with effect from 1 February
2024. Glenveagh is also pleased to announce that Max Steinebach will join the
Board as a non-executive Director from 1 February 2024.

Lorna Conn is CEO of Cpl and Senior Managing Executive Officer of Outsourcing
Inc, Cpl's Tokyo listed parent company. A Chartered Director and a qualified
Chartered Accountant, Lorna trained with Deloitte and holds a Bachelor of
Commerce degree from University College Dublin and a Masters in Accounting
from the Michael Smurfit Business School. In addition to her executive career,
Lorna currently serves as an independent non-executive Director of Bord na
Móna.

Lorna has previously held senior roles in a number of public companies in both
Ireland and America. Lorna served as an executive director of Cpl Resources
plc from July 2018 until it was acquired in January 2021.

Max Steinebach is an Investment Director at Teleios Capital Partners, an
investment firm operating from offices in Switzerland and the UK. Max
previously served at Charterhouse Capital Partners and The Blackstone Group,
where he worked on investments across a variety of sectors, having begun his
career in investment banking with Morgan Stanley.

Teleios Capital Partners is currently the largest shareholder in Glenveagh
with a shareholding of 22% of the issued share capital. Max's appointment is
subject to the provision that, if the number of ordinary shares in the Company
held by Teleios Capital Partners LLC falls below 20% or exceeds 29.9%, the
independent Board may terminate his appointment.

 

Glenveagh Chairman, John Mulcahy, commented:

"On behalf of the Board, I am delighted to welcome Lorna and Max to Glenveagh.
We are looking forward to working with them as the Board continues to lead
Glenveagh on its ambitious growth trajectory."

 

There are no disclosures required to be made pursuant to Rule 6.1.66 (2) to
(6) of the of the Euronext Dublin Listing Rule Book II.

For further information please contact:

Chloe McCarthy

Group Company Secretary

chloe.mccarthy@glenveagh.ie

 

 

 

Note to Editors

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

Supported by innovation and supply chain integration, Glenveagh are committed
to opening up access to sustainable high-quality homes to as many people as
possible in flourishing communities across Ireland.

We are focused on three core markets - suburban housing, urban apartments and
partnerships with local authorities and state agencies. The landbank we have
assembled can deliver housing that is both in demand and affordable.

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

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