Results of Annual General Meeting
Summary by AI BETAClose X
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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