Companies

Ires Reit shareholder Vision Capital moves to oust five directors on landlord’s board

Investment firm - which holds a 5 per cent stake in Ireland’s biggest landlord - has called for an EGM over Ires directors

The letter by the Canada-based investment firm, which included the demand for an EGM, has come following the announcement in October that Margaret Sweeney will retire as chief executive of Ires Reit next year. Picture: Sam Boal/RollingNews.ie

Vision Capital, an activist shareholder in Ires Reit, has called for an extraordinary general meeting (EGM) to allow shareholders oust five directors, in a new letter released today.

The letter by the Canada-based investment firm, which included the demand for an EGM, has come following the announcement in October that Margaret Sweeney will retire as chief executive of Ires Reit next year.

It said Vision Capital, led by Jeffrey Olin, president and chief executive portfolio ...