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Irish Res Prop REIT (0QT8)

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Friday 14 June, 2019

Irish Res Prop REIT

Posting of Circular & EGM Notice

RNS Number : 3787C
Irish Residential Prop REIT PLC
14 June 2019
 

 

14 June 2019

 

Irish Residential Properties REIT plc

 

(the "Company")

 

Notice of Extraordinary General Meeting & Posting of Circular

 

On 13 June 2019, Irish Residential Properties REIT plc, an Irish real estate investment trust listed on Euronext Dublin, announced the successful completion of a placing of 86,550,000 new Ordinary Shares in the Company (the "Placing Shares") at a price of €1.55 per Placing Share, raising gross proceeds of approximately €134.2 million (before commissions, fees and expenses)(the "Placing").

 

The allotment and issue of certain of the Placing Shares (referred to as the Second Tranche Shares) is conditional on Shareholder approval at the EGM.  In this regard, the Company has today posted to shareholders a Circular containing a letter from the Chairman outlining the background to and the reasons for the Placing and the Board's recommendation that Shareholders vote in favor of the Resolution at the EGM, as well as the formal Notice of EGM and Form of Proxy (collectively, the "Meeting Materials"). The EGM will be held at McCann FitzGerald, Riverside One, Sir John Rogerson's Quay, Dublin 2, Ireland at 2:00 p.m. on 9 July 2019.

 

The Meeting Materials will shortly be available for viewing on the Company's website at www.iresreit.ie. Copies of the Meeting Materials have also been submitted to Euronext Dublin and will shortly be available for inspection at the following address:

 

Companies Announcement Office

Euronext Dublin

28 Anglesea Street

Dublin 2

Ireland

 

Tel:  +353 (0) 1 617 4200

 

Note

Capitalised terms used, but not defined in this announcement, have the same meanings as set out in the announcement released by the Company on 13 June 2019 in relation to the Placing.

 

For further information please contact:

For Investor Relations:

Irish Residential Properties REIT plc

Margaret Sweeney, Chief Executive Officer

+ 353 (0) 1 557 0974

 

 

For Media Requests:

Q4PR

Gerry O'Sullivan

+ 353 87 2597644

 

About Irish Residential Properties REIT plc

 

Irish Residential Properties REIT plc, is a leading Irish Real Estate Investment Trust ("REIT") listed on Euronext Dublin. The Company is the first REIT established in Ireland primarily focused on residential rental accommodations. The Company will continue to seek to acquire, hold, manage and develop investments primarily focused on residential rental accommodations in Ireland.  The Company currently owns 2,753 residential units with an additional 316 units due for delivery between now and 2021 under pre-purchase contracts. Further information in respect of the Company can be obtained from the Company's website at www.iresreit.ie.

 

 

Note on forward-looking information

 

This note applies if and to the extent that there are forward-looking statements in this Announcement.

 

This Announcement may contain forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts.   Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  The forward-looking statements referred to in this paragraph speak only as at the date of this Announcement.  The Company will not undertake any obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unanticipated events, new information or otherwise except as required by law or by any appropriate regulatory authority.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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