For immediate release

10 May 2024

 

Irish Residential Properties REIT plc

 
Result of AGM

 

10 May 2024, Dublin | Irish Residential Properties REIT plc (“the Company” or “I-RES”) announces that, at its Annual General Meeting held today, 10 May 2024, at The Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland, all of the resolutions put to the shareholders at the Annual General Meeting were passed.

 

The full text of each resolution, together with explanatory notes, was included in the Notice of Annual General Meeting circulated to shareholders on 10 April 2024 and made available on the Company's website at  https://www.iresreit.ie/investors/shareholder-meetings

 

Voting on all resolutions was conducted by poll and the results are set out below:

 

Resolution Number	Title	For	For Percent	Against	Against Percent	Withheld	Total Votes	Percent Issued Capital
01	ANNUAL REPORT AND ACCOUNT	322,034,760	100.00%	-	0.00%	188,625	322,034,760	60.81%
02A	RE-ELECT HUGH SCOTT-BARRETT	314,325,512	98.31%	5,402,873	1.69%	2,495,000	319,728,385	60.37%
02B	RE-ELECT JOAN GARAHY	310,946,485	97.25%	8,781,900	2.75%	2,495,000	319,728,385	60.37%
02C	RE-ELECT PHILLIP BURNS	316,384,290	98.95%	3,344,094	1.05%	2,495,001	319,728,384	60.37%
02D	RE-ELECT STEFANIE FRENSCH	316,580,716	99.02%	3,147,669	0.98%	2,495,000	319,728,385	60.37%
02E	RE-ELECT TOM KAVANAGH	316,582,716	99.02%	3,145,669	0.98%	2,495,000	319,728,385	60.37%
02F	RE-ELECT DENISE TURNER	314,913,026	97.73%	7,310,359	2.27%	-	322,223,385	60.85%
02G	ELECT EDDIE BYRNE	322,024,959	99.94%	198,425	0.06%	1	322,223,384	60.85%
02H	ELECT RICHARD NESBITT	313,438,678	99.94%	200,425	0.06%	8,584,282	313,639,103	59.22%
02I	ELECT AMY FREEDMAN	311,255,102	99.24%	2,384,001	0.76%	8,584,282	313,639,103	59.22%
03	CONSENT SHORT NOTICE EGM	282,655,807	88.40%	37,072,577	11.60%	2,495,001	319,728,384	60.37%
04	REAPPOINTMENT OF AUDITORS	322,196,785	99.99%	21,600	0.01%	5,000	322,218,385	60.84%
05	REMUNERATION OF AUDITORS	322,218,385	100.00%	-	0.00%	5,000	322,218,385	60.84%
06	DIRECTOR REMUNERATION REPORT	317,697,966	98.60%	4,520,419	1.40%	5,000	322,218,385	60.84%
07	DIRECTOR REMUNERATION POLICY	321,545,159	99.79%	673,226	0.21%	5,000	322,218,385	60.84%
08	APPROVE I-RES 2024 LTIP	318,987,769	99.77%	725,616	0.23%	2,510,000	319,713,385	60.37%
09	AUTH TO ALLOT SHARES	287,663,727	89.97%	32,059,658	10.03%	2,495,000	319,723,385	60.37%
10A	DISAPP OF PRE-EMPT RIGHTS	294,725,690	92.27%	24,676,029	7.73%	2,821,666	319,401,719	60.31%
10B	DISAPP OF PRE-EMPT RIGHTS	297,220,690	92.33%	24,676,029	7.67%	326,666	321,896,719	60.78%
11	AUTH MAKE MARKET PURCHASE	313,961,765	98.94%	3,361,519	1.06%	4,900,101	317,323,284	59.92%
12	AUTH SET REALLOTMENT PRICE	319,718,385	100.00%	10,000	0.00%	2,495,000	319,728,385	60.37%

 

* A vote withheld is not a vote in law and is not counted in the proportion of votes for or against a resolution.

 

In accordance with the Listing Rules of Euronext Dublin, copies of the resolutions passed at the Annual General Meeting relating to special business of the Company have been forwarded to Euronext Dublin and will shortly be available for inspection at:

Euronext Dublin OAM Filing 

 

END

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

Eddie Byrne, 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.

The release, distribution or publication of this announcement in jurisdictions outside Ireland may be restricted by laws of the relevant jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.