UPDATE: Teleios Capital sells 2.3% stake in Glenveagh Properties

(Alliance News) - Teleios Capital Partners LLC has sold part of its a 16.6% stake in County Kildare, Ireland-based homebuilder, Glenveagh Properties PLC, broker J&E Davy confirmed on Friday.

The 12 million shares sold were held by Teleios Global Opportunities Master Fund Ltd and represent a 2.3% stake in Glenveagh. They were sold at EUR2.15 each, worth EUR25.8 million. Davy placed the shares with institutional investors in an accelerated bookbuild. The offering was announced after the London market close on Thursday.

Glenveagh shares were up 1.4% to EUR2.22 in London on Friday morning.

Glenveagh on Thursday said it intended to participate in the placing by buying shares worth around EUR10 million as part of its ongoing buyback programme. On Friday, it confirmed it bought back 4.4 million of the shares offered by Teleios, worth EUR9.5 million.

Teleios continues to hold 73.5 million Glenveagh shares, a 14.4% stake and has agreed to a 90-day lock-up for these.

By Jeremy Cutler, Alliance News reporter; updated by Tom Waite, editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Glenveagh