Glenveagh Properties - Holding(s) in Company

Glenveagh Properties

12/09/2025 15:07

RNS Number : 2009Z

Glenveagh Properties plc

12 September 2025

 

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
Glenveagh Properties Plc
2. Reason for the notification(please tick the appropriate box or boxes):
[ ] An acquisition or disposal of voting rights
[ ] An acquisition or disposal of financial instruments
[ ] An event changing the breakdown of voting rights
[x] Other (please specify)iii:Crossed passively above 5% reportable threshold on 17th January 2025 due to company's progressive share buyback programme initially announced on 6th September 2024 which may continue until 29th December 2025. The buyback involves the company repurchasing its own shares from the market which are then cancelled, therefore reducing the total shares outstanding which had an anti-dilutive effect of passively increasing Helikon's % interest in the company's shares above the 5% disclosure threshold.
3. Details of person subject to the notification obligationiv:
Name:
Helikon Investments Limited
City and country of registered office (if applicable):
London, United Kingdom
4. Full name of shareholder(s)(if different from 3.)v:
Helikon Long Short Equity Fund Master ICAV
5. Date on which the threshold was crossed or reachedvi:
17th January 2025
6. Date on which issuer notified:
12th September 2025
7. Threshold(s) that is/are crossed or reached:
Above 5%
8. Total positions of person(s) subject to the notification obligation:
% of voting rights attached to shares (total of 9.A)
% of voting rights through financial instruments
 (total of 9.B.1 + 9.B.2)
Total of both in % (9.A + 9.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
0
5.0012%
5.0012%
555,415,782
Position of previous notification (if applicable)
0
4.9370%
4.9370%


 

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of
 shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
Indirect
Direct
Indirect
IE00BD6JX574
SUBTOTAL A
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Number of voting rights that may be acquired if the instrument is exercised/converted.
% of voting rights
SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument
Expiration
 datex
Exercise/
 Conversion Periodxi
Physical or cash settlementxii
Number of voting rights
% of voting rights
Cash-settled Equity Swap
17/11/2025
17/11/2025
Cash
2,664,673
0.4798%
Cash-settled Equity Swap
16/11/2027
16/11/2027
Cash
6,764,079
1.2178%
Cash-settled Equity Swap
16/11/2027
16/11/2027
Cash
7,908,448
1.4239%
Cash-settled Equity Swap
30/01/2026
30/01/2026
Cash
10,440,693
1.8798%
SUBTOTAL B.2
27,777,893
5.0012%


 

10. Information in relation to the person subject to the notification obligation(please tick the applicable box):
[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii
[x] Full chain of controlled undertakings through which the voting rights and/or the
 financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Helikon Long Short Equity Fund Master ICAV
5.0012%
5.0012%
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

 

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