Glenveagh Properties - Director/PDMR Shareholding
07/05/2025 15:21
RNS Number : 7484H Glenveagh Properties plc 07 May 2025 Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Teleios Capital Partners LLC ("TCP") | ||||
| Reason for the notification | ||||||
| a) | Position/status | A person closely associated with a person discharging managerial responsibilities. Max Steinebach Non-executive Director | ||||
| b) | Initial Notification Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Glenveagh Properties plc ("GLV") | ||||
| b) | LEI | 635400QUQ2YYGMOAK834 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Shares in Teleios Global Opportunities Master Fund ("TGOMF"), a collective investment scheme, which is a holder of Ordinary Shares of €0.001 each in the capital of Glenveagh Properties plc (ISIN: IE00BD6JX574), directly and via its wholly owned subsidiary, Teleios Opportunities Special Investment 2. | ||||
| b) | Nature of the transaction | Indirect subscription for shares in TGOMF,a collective investment scheme, which financial instruments are linked to the Ordinary Shares of GLV where the Ordinary Shares of GLV constitute more than 20% of the Net Asset Value ("NAV") of TGOMF | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
| e) | Date of the transaction | 2025-05-02 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| g) | Additional Information | TCP, via its wholly owned subsidiary, Teleios Global Opportunities GP LTD, subscribed for shares in TGOMF on 2 May 2025. TGOMF holds a portfolio of equities which includes Ordinary Shares in GLV, which are held by TGOMF directly and via its wholly owned subsidiary, Teleios Opportunities Special Investment 2. This filing is being made because GLV represents more than 20% of the NAV exposure of TGOMF. As a result, TCP is deemed to have indirectly acquired an increased interest in GLV shares. | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Max Steinebach | ||||
| Reason for the notification | ||||||
| a) | Position/status | A person discharging managerial responsibilities. | ||||
| b) | Initial Notification Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Glenveagh Properties plc ("GLV") | ||||
| b) | LEI | 635400QUQ2YYGMOAK834 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Shares in Teleios Global Opportunities Master Fund, Ltd ("TGOMF") a collective investment scheme, which is a holder of Ordinary Shares of €0.001 each in the capital of Glenveagh Properties plc (ISIN: IE00BD6JX574) directly and via its wholly owned subsidiary, Teleios Opportunities Special Investment 2. | ||||
| b) | Nature of the transaction | Indirect subscription for shares in TGOMF,a collective investment scheme, which financial instruments are linked to the Ordinary Shares of GLV where the Ordinary Shares of GLV constitute more than 20% of the Net Asset Value ("NAV") of TGOMF. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
| e) | Date of the transaction | 2025-05-02 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| g) | Additional Information | Max Steinebach ("Max") is an employee of Teleios Capital Partners LLC ("TCP") and is a non-executive director of GLV. TCP, via its wholly owned subsidiary, Teleios Global Opportunities GP LTD, subscribed for shares in TGOMF on 2 May 2025. TGOMF holds a portfolio of equities which includes Ordinary Shares in GLV which are held by TGOMF directly and via its wholly owned subsidiary, Teleios Opportunities Special Investment 2. Effective 2 May2025, Max is contractually entitled to a portion of the shares subscribed for by TCP in TGOMF, as per the disclosure made in 4(c) above. This filing is being made because GLV represents more than 20% of the NAV exposure of TGOMF. As a result, both TCP and Max are deemed to have indirectly acquired an increased interest in GLV shares. TCP is deemed a person closely associated with Max for the purposes of the Market Abuse Regulation. A separate notification has therefore been made by TCP in respect of its interest in ordinary shares of GLV (as referred to above) in accordance with Article 19 of Regulation (EU) No 596/2014. | ||||