GLOBAL RESEARCH ARCHIVE
GLE: Land sale slippage
Research evidence excerpt
GLE: Land sale slippage
Gleeson
Company description
Gleeson was founded in 1903, and operates two businesses. Gleeson Homes, which focuses on building affordable housing across
the north of England and the midlands in areas of deprivation or on brownfield sites where it seeks to regenerate the local
community. Gleeson Land is a land promotion business operating mainly in the south of England which promotes land through
the planning process on behalf of landowners, for sale to third party housebuilders.
Required disclosures
Non-U.S. analyst disclosure
One or more research analysts involved in the preparation of this report (i) may not be registered/qualified as research analysts
with the NYSE and/or FINRA and (ii) may not be associated persons of the RBC Capital Markets, LLC and therefore may not be
subject to FINRA Rule 2241 restrictions on communications with a subject company, public appearances and trading securities
held by a research analyst account.
Conflicts disclosures
The analyst(s) responsible for preparing this research report received compensation that is based upon various factors, including
total revenues of the member companies of RBC Capital Markets and its affiliates, a portion of which are or have been generated
by investment banking activities of the member companies of RBC Capital Markets and its affiliates.
With regard to the MAR investment recommendation requirements in relation to relevant securities, a member company of Royal
Bank of Canada, together with its affiliates, may have a net long or short financial interest in excess of 0.5% of the total issued
share capital of the entities mentioned in the investment recommendation. Information relating to this is available upon request
from your RBC investment advisor or institutional salesperson.
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