Irish Residential Properties REIT rejected the Vision Capital's proposals.

Irish Residential Properties REIT (Ires) faced pressure at an extraordinary general meeting (EGM), where shareholders voted down proposals tabled by activist investor Vision Capital. The proposals included replacing five board members and forcing a sale of the company. Despite losing the votes, Ires' board remains focused on its strategic review and aims to provide shareholders with a substantial update by early May.

February 16, 2024
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