I-RES Notes Glass Lewis Recommendation to Vote AGAINST All Resolutions at Forthcoming EGM

For immediate release

 

8 February 2024

 

Irish Residential Properties REIT plc

 

I-RES Notes Glass Lewis Recommendation to Vote AGAINST All Resolutions at Forthcoming EGM

 

Proxy advisors Glass Lewis and ISS have now both recommended shareholders reject all of Vision’s proposals

 

Irish Residential Properties REIT plc (“I-RES”) notes the report issued by a leading corporate governance advisor, Glass Lewis, which has recommended that shareholders vote AGAINST ALL resolutions proposed by Vision Capital Corporation (“Vision”) at the Extraordinary General Meeting (“EGM”) scheduled for 16 February 2024.

 

The Glass Lewis recommendation to vote against  all Vision resolutions follows a similar recommendation issued last week  by Institutional Shareholder Services (“ISS”).

 

The I-RES Board continues to recommend Shareholders vote against all resolutions proposed by Vision and urges  Shareholders to cast their votes at their earliest convenience to ensure their votes are received before the EGM. Details of how to do this, together with relevant voting deadlines, are described in the Circular and Notice of Extraordinary General Meeting issued to Shareholders on 8 January 2024, a copy of which is available on the Company’s website at www.iresreit.ie.

 

END

 

For further information please contact:

 

For Investor Relations at Irish Residential Properties REIT plc:

Luke Ferriter, Investor Relations investors@iresreit.ie  Tel: +353 (0) 1 563 4000

Margaret Sweeney, Chief Executive Officer Tel: +353 (0) 1 557 0974

 

For Media Queries:

Padraig McKeon, I-RES PR and Communications Tel: + 353 (0) 87 231 2632

Jonathan Neilan, FTI Consulting ires@fticonsulting.com  Tel: +353 (0) 86 231 4135

 

 

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 owns 3,734 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.iresreit.ie.

 

Important notices

 

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise.

 

The release, distribution or publication of this announcement in jurisdictions outside Ireland may be restricted by laws of the relevant jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

 

Responsibility Statement

 

The directors of I-RES accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

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