REG - Glenveagh Properties - Results of Annual General Meeting

Glenveagh PropertiesAnnouncement

15/05/2026 14:30

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RNS Number : 5836E  Glenveagh Properties plc  15 May 2026

 

15 May 2026

 

Glenveagh Properties plc

Results of Annual General Meeting

 

Glenveagh Properties plc ("Glenveagh" or the "Group") a leading Irish
homebuilder listed on Euronext Dublin and the London Stock Exchange announces
that each of the resolutions proposed at the Annual General Meeting ("AGM") of
the Group, held today, were passed. Voting on all resolutions was conducted by
poll. The full text of each resolution was included in the Notice of Annual
General Meeting of the Group, circulated to shareholders on 9 April 2026 and
made available on the Group's website (www.glenveagh.ie/corporate
(http://www.glenveagh.ie/corporate) ).

 

The Board notes that while the resolutions to approve the new Remuneration
Policy and to adopt the new CEO Special Option Plan were approved by a
significant majority, the shareholder votes against these resolutions were 28%
and 35%, respectively. In advance of the AGM, the Remuneration Committee
engaged extensively with Glenveagh's largest shareholders. The feedback
received was largely supportive, recognising the criticality of the CEO, the
simplicity of the structure and its strong alignment with value for
shareholders. Where comments were made, these related primarily to the degree
of stretch in the exercise prices and, as a result of this shareholder
feedback, the exercise prices were increased in the final proposal, and an
enhanced shareholding requirement was introduced. The Remuneration Committee
and the Board will continue to engage with shareholders in the coming months
to understand their views and, where applicable, their reasons for opposing
these resolutions. The Board will carefully consider all shareholder feedback
and, in accordance with the UK Corporate Governance Code, provide an update on
engagement within six months.

 

In accordance with the Listing Rules, copies of the resolutions passed at the
AGM have been forwarded to both Euronext Dublin and the UK National Storage
Mechanism and will shortly be available for inspection at the following
locations:

 

Euronext Dublin: Companies Announcement Office, 28 Anglesea Street, Dublin 2
and at https://direct.euronext.com/#/oamfiling
(https://direct.euronext.com/#/oamfiling)

 

UK National Storage Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

A full list of the votes received will be available for inspection on the
Group's website.

For further information, please contact:

 

Glenveagh Properties plc

Chloe McCarthy

Group Company Secretary

Tel: +353 (1) 903 7100

 

 

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