REG - Glenveagh Properties - Initiation of Share Buyback Programme

Glenveagh PropertiesAnnouncement

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RNS Number : 9547O  Glenveagh Properties plc  15 January 2026

15 January 2026

Glenveagh Properties plc

Initiation of Share Buyback Programme

Glenveagh Properties plc ("Glenveagh" or the "Group") announces that it has
entered arrangements today with Jefferies International Limited ("Jefferies")
to repurchase ordinary shares of 0.001 each (the "Shares") on Glenveagh's
behalf for a maximum aggregate consideration of up to €25 million (the
"Buyback").

The purpose of the Buyback is to reduce the share capital of Glenveagh and it
will be conducted in accordance with (and within the parameters prescribed by)
the Company's general authority to repurchase Shares as approved by
shareholders at the Company's AGM on 22 May 2025 (and as such authority may be
renewed and/or amended). All Shares repurchased will be cancelled.

The Buyback will commence later today, 15 January 2026, and is expected to
continue to 15 May 2026 subject to market conditions, the ongoing capital
requirements of the business and in accordance with the Group's capital
allocation strategy. Under the terms of the Buyback, the Shares will be
repurchased on Euronext Dublin and will be subsequently cancelled.

Glenveagh has entered non-discretionary instructions with Jefferies, acting as
principal, to conduct the Buyback on Glenveagh's behalf and to make trading
decisions under the Buyback independently of Glenveagh in accordance with
certain pre-set parameters.

The Buyback will at all times be conducted in accordance with (and within the
parameters prescribed by) the Market Abuse Regulation 596/2014 and the
Commission Delegated Regulation (EU)2016/1052 (including as it forms part of
retained EU law in the United Kingdom from time to time, and, where relevant,
pursuant to the UK's European Union (Withdrawal) Act 2018 and the UK's Market
Abuse (Amendment) (EU Exit) Regulations 2019) and in accordance with Chapter 9
of the Euronext Dublin Listing Rules and Chapter 12 of the UK Financial
Conduct Authority Listing Rules as well as the rules of the Central Bank of
Ireland.

The execution of the Buyback may be augmented by the purchase of Shares by way
of block trades. The maximum number of shares which can be repurchased by the
Group under the Buyback will be reduced by the corresponding amount of capital
returned through block trades.

There is no guarantee that the Buyback will be implemented in full.

For further information please contact:

 Investors:                                                    Media:
 Glenveagh Properties plc                                      Gordon MRM

 Conor Murtagh (CFO)                                           Ray Gordon 087 241 7373

 investors@glenveagh.ie (mailto:investors@glenveagh.ie)        Julian Fleming 087 691 5147

                                                               glenveagh@gordonmrm.ie (mailto:glenveagh@gordonmrm.ie)

 

Notes to Editors

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

Supported by innovation and our internal manufacturing capability, Glenveagh
is committed to opening access to sustainable, high-quality homes to as many
people as possible in flourishing communities across Ireland.

We are focused on two core areas to achieve this: Homebuilding and
Partnerships. Our Homebuilding division is the leading provider of own-door
single-family homes in Ireland, primarily in Dublin and the Greater Dublin
Area. Our Partnerships division focuses on creating vibrant communities
nationwide through a mix of suburban single-family and urban multi-family
developments. Often funded or acquired by the state or state entities, these
projects enable us to deliver affordable and high-quality housing options for
everyone.

www.glenveagh.ie
(https://urldefense.com/v3/__http:/www.glenveagh.ie__;!!PePb2utDNNs!vwWRyrQioBd5VCo5Lg_ymn6QGlSgThGM8mQdDM_QWtqDHdkM6F3xizzdVXatCeOLAKagj6zo2XCqbbdjPMg6RFtBi2TmR1bA$)

 

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