Results of Annual General Meeting

Summary by AI ^BETAClose X

Glenveagh Properties plc announced that all resolutions proposed at its Annual General Meeting were passed by poll. While the Remuneration Policy and CEO Special Option Plan received significant majority support, 28% and 35% of votes were cast against them respectively. The company engaged with shareholders prior to the meeting, addressing concerns about exercise prices and introducing an enhanced shareholding requirement. Glenveagh will continue to engage with shareholders and provide an update on their feedback within six months.

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Glenveagh Properties plc

15 May 2026

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15 May 2026

Glenveagh Properties plc

Results of Annual General Meeting

Glenveagh Properties plc ("Glenveagh" or the "Group") a leading Irish homebuilder listed on Euronext Dublin and the London Stock Exchange announces that each of the resolutions proposed at the Annual General Meeting ("AGM") of the Group, held today, were passed. Voting on all resolutions was conducted by poll. The full text of each resolution was included in the Notice of Annual General Meeting of the Group, circulated to shareholders on 9 April 2026 and made available on the Group's website (www.glenveagh.ie/corporate).

The Board notes that while the resolutions to approve the new Remuneration Policy and to adopt the new CEO Special Option Plan were approved by a significant majority, the shareholder votes against these resolutions were 28% and 35%, respectively. In advance of the AGM, the Remuneration Committee engaged extensively with Glenveagh's largest shareholders. The feedback received was largely supportive, recognising the criticality of the CEO, the simplicity of the structure and its strong alignment with value for shareholders. Where comments were made, these related primarily to the degree of stretch in the exercise prices and, as a result of this shareholder feedback, the exercise prices were increased in the final proposal, and an enhanced shareholding requirement was introduced. The Remuneration Committee and the Board will continue to engage with shareholders in the coming months to understand their views and, where applicable, their reasons for opposing these resolutions. The Board will carefully consider all shareholder feedback and, in accordance with the UK Corporate Governance Code, provide an update on engagement within six months.

In accordance with the Listing Rules, copies of the resolutions passed at the AGM have been forwarded to both Euronext Dublin and the UK National Storage Mechanism and will shortly be available for inspection at the following locations:

Euronext Dublin: Companies Announcement Office, 28 Anglesea Street, Dublin 2 and at https://direct.euronext.com/#/oamfiling

UK National Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

A full list of the votes received will be available for inspection on the Group's website.

For further information, please contact:

Glenveagh Properties plc

Chloe McCarthy

Group Company Secretary

Tel: +353 (1) 903 7100

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