DJ I-RES Board response to Vision - AGM proceeding on 4 May 2023
Irish Residential Properties REIT plc (IRES) I-RES Board response to Vision - AGM proceeding on 4 May 2023 27-Apr-2023 / 14:25 GMT/BST
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27 April 2023
I-RES Board response to Vision - AGM proceeding on 4 May 2023
The Board of Irish Residential Properties REIT plc ("I-RES" or the "Company") notes the publication of a third open letter ("Open Letter") from Vision Capital Corporation ("Vision Capital" or "Vision") to shareholders dated 27 April 2023 concerning the 2023 AGM to be held on 4 May 2023.
I-RES confirms that it is fully compliant with all of its disclosure obligations. I-RES further confirms that its Notice of AGM and shareholder circular published on 3 April 2023 meet all applicable disclosure standards.
The Board refutes Vision's allegations, and considers the attempts taken by one shareholder to discredit the I-RES Board and disrupt other shareholders from voting at the forthcoming AGM as inappropriate, contrary to good governance practice and damaging to the voting process for all shareholders.
There are no related party transactions disclosures or other public disclosures required to be made in relation to Irish Life Investment Managers Limited (nor any other investor). No shareholder is receiving a collateral benefit in return for support at the AGM. The Board will in any sales or investment process always act in the best interests of shareholders and with a view to maximising shareholder value and refutes in the strongest terms any assertion that it would do otherwise.
The AGM will proceed as previously indicated on 4 May 2023. The Board recommends shareholders vote in favour of all the proposed AGM resolutions which are in the interests of all stakeholders.
For further information please contact:
For Investor Relations: Irish Residential Properties REIT plc
Michelle Ang, Director Investor Relations investors@iresreit.ie Tel: +353 87 956 1138
Margaret Sweeney, Chief Executive Officer Tel: +353 (0) 1 557 0974
For Media Requests:
Jonathan Neilan, FTI Consulting ires@fticonsulting.com Tel: +353 (0)86 231 4135
Sam Moore, FTI Consulting Tel: +353 (0)87 737 9089
About Irish Residential Properties REIT plc
Irish Residential Properties REIT plc (I-RES) is a growth oriented Real Estate Investment Trust providing quality professionally managed homes in sustainable communities in Ireland. The Group currently owns 3,937 apartments and houses for private rental in Dublin and Cork. I-RES aims to be the provider of choice for the Irish living sector, known for excellent service and for operating responsibly, minimising its environmental impact, and maximising its contribution to the community. The Company's shares are listed on Euronext Dublin. Further information at www.i-res.ie .
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ISIN: IE00BJ34P519 Category Code: MSCM TIDM: IRES LEI Code: 635400EOPACLULRENY18 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 240115 EQS News ID: 1619423 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
April 27, 2023 09:25 ET (13:25 GMT)
