Capreit’s final 9.7% Ires stake sold to a number of investors
London-based opportunistic investment firm Asset Value Investors among main buyers
London-based opportunistic investment firm Asset Value Investors among main buyers
Iseq All-Share index dipped 0.4 per cent to 9,545.64, with heavyweights Kerry and Ryanair declining
Capreit has sold its remaining 9.7% stake in the Ireland’s biggest private landlord
Developer in off-market deal for Sandyford building with planning in place for high-rise residential scheme
Landlord set to concede two board seats to activist investor at agm today
Ires Reit has managed to temporarily muzzle activist Canadian fund Vision Capital that has waged a sell-up campaign since last April - but that won’t quieten the voices stirred by its crusade
Ireland is now one of two EU states with only men leading its public companies
Ires says opportunities for extra revenue generation, including from car parking
Iseq index sheds more than 1% as Ryanair falls
Settlement this week will see Ires support nomination of two Vision Capital candidates to board at the apartment owner’s agm next month
Property group refused nomination of number-one candidate Vision had put forward
Ires Reit says offer of two board seats has been rejected by Canadian investment firm Vision Capital
Company has been subject to campaign to put itself up for sale
Euronext Dublin up marginally at close of business on muted day for investors following St Patrick’s Day holiday
Byrne to succeed Margaret Sweeney ahead of forthcoming agm and amid ongoing strategic review
Muted reaction by Ires’s share price shows market not getting carried away by new investor’s presence just yet
US investment firm with €106 billion of assets under management declined to shed light on Ires investment strategy
Ireland’s largest private-sector landlord sold €96.5m of property last year to help keep its debt burden under Reit limit of 50%
Investment firm had backed attempt to replace five directors at egm
Most investors that voted by proxy before meeting cast ballots against activist shareholder resolutions
Vision Capital’s egm motions were defeated but Ires has committed to a strategic review that could ultimately see the Irish private sector landlord sold or broken up
What is happening at Ireland’s biggest private sector landlord and why?
Issues had been identified last week with votes cast via platform provider Broadridge Financial Solutions
Vision Capital, looking to unseat board and break up the business, wants answers on ‘unprecedented’ announcement
Activist investor is attempting to replace five board members
Vision Capital is seeking to replacer five board members, including chairman Declan Moylan and chief executive Margaret Sweeney
Inside Business podcast with Ciarán Hancock
The board of Ires Reit has received a boost from an influential investor advisory firm ahead of an extraordinary general meeting (egm) this month
Iseq index finished down 0.6%, weighted down by banks and packaging names
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Canadian firm set to support planned boardroom coup at property group
Losing support of founding shareholder Capreit’s 19% stake in advance of crucial vote is a blow to property group
Move comes ahead of extraordinary general meeting next month
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