Glenveagh Properties plc
Announces Intention to Delist from the London Stock Exchange
Glenveagh Properties plc ("Glenveagh" or "the Company"), the leading Irish homebuilder, today announces its intention to delist its ordinary shares from the London Stock Exchange ("LSE") with effect from 8.00 a.m. (London time) on Monday 30 November 2026 (the "LSE Delisting").
Following the LSE Delisting, the Company will continue to have its primary listing on the regulated market of Euronext Dublin and consequently will continue to be required to comply with its current continuing obligations, and apply the Irish Corporate Governance Code 2024.
Background to and Reasons for the LSE Delisting
The Company has undertaken a review of its listing structures pursuant to which it has carefully considered, among other things, the level of trading activity in its shares on the LSE as well as the additional cost, and regulatory and administrative obligations arising from retaining the LSE listing. Following the review, the Company has concluded that it is in the best interests of the Company and its shareholders to proceed with the LSE Delisting.
LSE Delisting Process
The Company has requested the UK Financial Conduct Authority ("FCA") to cancel the listing of its ordinary shares on the Official List of the FCA, and to request the LSE to cancel the admission to trading of those ordinary shares on the main market for listed securities of the LSE.
For the purposes of FCA Listing Rule 21.2.17, the Company is required to give at least 20 business days' notice of the LSE Delisting. It is expected that the LSE Delisting will become effective at 8.00 a.m. (London time) on Monday 30 November 2026, such that the last day of trading in the Company 's ordinary shares on the LSE will be Friday 27 November 2026.
Enquiries:
Chloe McCarthy
Group Company Secretary
Tel: +353 (1) 903 7100