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Nov 21 2019, 13:50 GMT
Glenveagh Properties
Seeking permission to increase distributable reserves
- Sectors : Construction and Housebuilding
- Companies : Glenveagh Properties
DAVY VIEW
The increase in distributable reserves at Glenveagh will provide considerable flexibility around possible capital returns in the future. However, the company is currently on a significant growth path, and we therefore do not see the beginning of capital returns as imminent. We continue to see FY2021 as the most likely timeline for the establishment of any shareholder returns.
