14th Sep 2026 21:17
Glenveagh PLC - Kildare, Ireland-based housebuilder - Broker Jefferies International Ltd says Teleios Capital Partners LLC plans to sell around 20 million shares in Glenveagh, more than a quarter of its remaining stake, through a placing to institutional investors. Zug, Switzerland-based Teleios is a specialist investment manager and activist hedge fund and currently owns around 73.5 million shares in Glenveagh, about 14.6% of its share capital. The price per share will be determined by way of an accelerated bookbuilding process to be run by Jefferies. At Monday's closing share price the sale would be worth EUR48.2 million. Teleios grew its stake in Glenveagh to around 23% in early 2025, before steadily reducing its holding. In June 2025, Teleios sold 1.2 million shares, followed by a 4.5 million share sale in October of that year. In May, 2026, Teleios sold a further 12 million shares.
Current stock price: EUR2.41
12-month change: up 27%
By Jeremy Cutler, Alliance News reporter
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