REG - Glenveagh Properties - Holding(s) in Company

Glenveagh PropertiesAnnouncement

07/05/2025 15:15

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RNS Number : 7458H  Glenveagh Properties plc  07 May 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 attached(ii):

 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): change in chain of controlled undertakings -
 see section 10 & 12

 3. Details of person subject to the notification obligation(iv) :
 Name: Teleios Capital Partners LLC                                                                                               City and country of registered office (if applicable):

                                                                                                                                  Zug, Switzerland
 4. Full name of shareholder(s) (if different from 3.)(v): See Section 10

 5. Date on which the threshold was crossed or reached(vi): NA

 6. Date on which issuer notified: 6 May 2025

 7. Threshold(s) that is/are crossed or reached: NA

 8. Total positions of person(s) subject to the notification obligation: (See
 Section 12 also)
                                                                            % of voting rights attached to shares (total of 9.A)  % of voting rights through financial instruments  Total of both in % (9.A + 9.B)  Total number of voting rights of issuer(vii)

(total of 9.B.1 + 9.B.2)
 Resulting situation on the date on which threshold was crossed or reached  21.67%                                                                                                  21.67%                          543,789,876.
 Position of previous notification (if applicable)                          21.49%                                                                                                  21.49%

 

 9. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii):
 A: Voting rights attached to shares
 Class/type of                 Number of voting rights(ix)                                                 % of voting rights

shares

 ISIN code (if possible)

                                                            Direct                                         Indirect                                        Direct                                      In

                                           di
                                                                                                                                                                                                       re
                                                                                                                                                                                                       ct

 Ordinary                                                                 117,867,234                                                                      21.67%

 IE00BD6JX574

 SUBTOTAL A                    117,867,234                                                                 21.67%

 B 1: Financial Instruments according to Regulation 17(1)(a) of the
 Regulations
 Type of financial instrument                   Expiration  Exercise/                                      Number of voting rights that may be acquired if the instrument is       % of voting rights

date(x)
Conversion Period(xi)                         exercised/converted.

                                                            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                   Exercise/                   Physical or cash settlement(xii)           Number of voting rights                         % of voting rights

date(x)
Conversion Period (xi)

                                                                                        SUBTOTAL B.2

 

 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 entity(xiv):

 Name(xv)                                                                       % 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                            than the notifiable threshold
 Teleios Global Opportunities Master Fund,                                      17.88%                                                                                                                                                  17.88%
 Ltd.
 Teleios Opportunities Special Investment 2                                     3.79%                                                                                                                                                   3.79%
 Total                                                                          21.67%                                                                                                                                                  21.67%

 11. In case of proxy voting: [name of the proxy holder] will cease to hold [%
 and number] voting rights as of  date 

 12. Additional information(xvi):

 This notification is being made to provide transparency to the market in
 relation to the manner in which ordinary shares in Glenveagh Properties PLC
 ("GLV") are held by Teleios Global Opportunities Master Fund, Ltd ("TGOMF").

 On 2 May 2025, TGOMF transferred 20,633,681 of its total 117,867,234 Ordinary
 Shares in GLV to its newly incorporated and wholly owned subsidiary, Teleios
 Opportunities Special Investment 2.

 Accordingly, while the overall number of shares held directly and indirectly
 by TGOMF in GLV has not changed since the previous TR1 notification filed on
 its behalf on 24 March 2025, the manner in which it holds these shares (and
 consequently the chain of controlled undertakings through which the voting
 rights and/or the financial instruments are effectively held) has changed as
 disclosed in section 10
 above.

 (Note, the ownership % in GLV shares disclosed in section 8 above has
 increased since the previous TR1 notification filed on behalf of TGOMF on 24
 March 2025 solely as a consequence of share buybacks carried out by GLV in the
 relevant period. TGOMFs shareholding in GLV otherwise remains the same as at
 the last disclosure.)

 

Done at Zug, Switzerland on 06/05/2025.

 

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