UPDATE: Teleios sells EUR46 million in Glenveagh shares, retains 11%
Glenveagh PLC - Kildare, Ireland-based housebuilder - Teleios Capital Partners LLC sells a EUR46 million stake in the housebuilder, cutting its holding to just under 11%. Teleios is a Zug, Switzerland-based specialist investment manager and activist hedge fund. It sells 20.6 million Glenveagh shares at EUR2.23 each, worth EUR46.0 million in total. The shares represent a 4.1% stake in Glenveagh, and following the sale, Teleios continues to own 10.6%. Glenveagh itself buys back EUR20 million of the shares on offer, 9.0 million shares, just under half, as part of its share buyback programme. Jefferies International Ltd, the sole global coordinator and sole bookrunner, had announced the share sale after the London market close on Monday.
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. This past May, Teleios sold a further 12 million shares.
Current stock price: EUR2.32
12-month change: up 22%
By Jeremy Cutler, Alliance News reporter, updated by Tom Waite, editor
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