Ires Reit recommends shareholders to vote against all resolutions at EGM

The EGM will be held next month

Declan Moylan and Margaret Sweeney at Ires Reit’s 2023 AGM

Ires Reit has recommended to shareholders that they vote against all the resolutions put forward by activist investor Vision Capital at next month’s extraordinary general meeting (EGM) .

In December Vision Capital, which has a 5 per cent stake in Ires Reit, called for an EGM to allow shareholders oust five directors and to appoint five nominees proposed by Vision.

In addition, the Vision resolutions seek the issue of a shareholder direction to the board ...