AGM Update - I-RES Board continues to unanimously recommend shareholders vote FOR all proposed resolutions at the 2023 AGM

24 April 2023

AGM Update - I-RES Board continues to unanimously recommend shareholders vote FOR all proposed resolutions at the 2023 AGM

The Board of Irish Residential Properties REIT plc (“I-RES” or the “Company”) notes the publication of a second open letter from Vision Capital Corporation (“Vision Capital” or “Vision”) to shareholders dated 24 April 2023 concerning the 2023 AGM to be held on 4 May 2023. 

The Board has reviewed the second letter and has no further comment to make beyond the public statements released to date, including its AGM update on 17 April 2023, which clearly set out the strategy for I-RES and the Board’s focus on value maximisation.  The Board unanimously recommends shareholders vote in favour of all the proposed AGM resolutions which are in the interests of all stakeholders.

For further information please contact:

For Investor Relations:
Irish Residential Properties REIT plc     

Michelle Ang, Director Investor Relations investors@iresreit.ie   Tel: +353 87 956 1138

Margaret Sweeney, Chief Executive Officer     Tel: +353 (0) 1 557 0974

For Media Requests:

Jonathan Neilan, FTI Consulting   ires@fticonsulting.com   Tel: +353 (0)86 231 4135 

Sam Moore, FTI Consulting      Tel: +353 (0)87 737 9089 

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 currently owns 3,937 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.i-res.ie .