Companies

Influential advisory firm urges shareholders in Ires Reit to vote against EGM proposals

ISS, an international advisory firm, has recommended that shareholders in Ires Reit vote against Vision Capital’s plans to sell the company

Ires Reit chair Declan Moylan and chief executive Margaret Sweeney

An influential investor advisory firm has recommended shareholders in Ires Reit, the embattled Irish property group, vote against a series of proposals tabled by an activist investor at a crucial shareholder meeting later this month.

In what will come as a welcome boost for the board of Ires Reit, Institutional Shareholder Services (ISS), an international firm that advises how large investors should vote at meetings, recommended that investors in the Irish property company should vote ...