I-RES Notes Glass Lewis Recommendation to Vote AGAINST All Resolutions at Forthcoming EGM
Irish Residential Properties REIT plc (IRES)
I-RES Notes Glass Lewis Recommendation to Vote AGAINST All Resolutions at Forthcoming EGM
08-Feb-2024 / 07:00 GMT/BST
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.
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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.
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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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ISIN: IE00BJ34P519 Category Code: MSCH 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.: 302366 EQS News ID: 1832891
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