DJ Form 8 (OPD) - Irish Residential Properties REIT plc
Irish Residential Properties REIT plc (IRES)
Form 8 (OPD) - Irish Residential Properties REIT plc
19-Jan-2024 / 17:45 GMT/BST
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FORM 8.1(a) & (b)
(Opening Position Disclosure)
IRISH TAKEOVER PANEL
OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN
OFFEROR OR AN OFFEREE
1. KEY INFORMATION
(a) Full name of discloser: Irish Residential
Properties REIT plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
N/A
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Irish Residential
Properties REIT plc
Use a separate form for each offeror/offeree
(d) Is the discloser the offeror or the offeree? Offeree
(e) Date position held:
18 January 2024
The latest practicable date prior to the disclosure
(f) In addition to the company in 1(c) above, is the discloser also making disclosures in No
respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
2. INTERESTS AND SHORT POSITIONS
If there are interests and positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.
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Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates (Note 1)
Class of relevant security: (Note 2)
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: NIL - NIL -
(2) Cash-settled derivatives: NIL - NIL -
(3) Stock-settled derivatives (including options) and agreements to purchase/ sell: NIL - NIL -
Total: NIL - NIL -
All interests and all short positions should be disclosed.
Details of options including rights to subscribe for new securities and any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8.
3. INTERESTS AND SHORT POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY MAKING THE DISCLOSURE
Details of any interests and short positions (including directors' and other employee options) of any person acting in
concert with the party making the disclosure:
a) Interests held by directors of the Offeree, their close relatives and related trusts in the ordinary shares of
EUR0.10 each in the capital of the Offeree ("Ordinary Shares")
Director Number of Ordinary Shares held Percentage of total issued Ordinary Shares
Declan Moylan 150,000 0.03%
Margaret Sweeney 512,254 0.1%
Brian Fagan 166,737 0.03%
Hugh Scott-Barrett 40,000 0.01%
Joan Garahy 34,850 0.01%
Philip Burns - -
Stefanie Frensch 30,000 0.01%
Tom Kavanagh 81,129 0.02%
Denise Turner 41,666 0.01%
b) Directors' options to subscribe for Ordinary Shares granted under the IRES Long Term Incentive Plan
Director Award No. of Ordinary Shares Under Exercise Price per Share Vesting Date of Options Expiry
Date Option (EUR) (from) Date
Margaret 18-Jun-19 1,302,461 1.71 18-Jun-20 17-Jun-26
Sweeney
Margaret 10-Jul-19 1,294,038 1.682 10-Jul-20 9-Jul-26
Sweeney
Margaret 16-Nov-17 2,000,000 1.489 16-Nov-18 15-Nov-24
Sweeney
c) Directors' conditional performance-based share awards granted under the IRES Long Term Incentive Plan
Director Award Date No. of Ordinary Shares Vesting Date (from) Margaret Sweeney 05-Mar-21 335,820 05-Mar-24 Margaret Sweeney 23-Feb-22 430,369 23-Feb-25 Margaret Sweeney 15-Mar-23 750,000 15-Mar-26 Brian Fagan 05-Aug-21 196,203 05-Aug-24 Brian Fagan 25-Feb-22 221,476 25-Feb-25 Brian Fagan 15-Mar-23 358,586 15-Mar-26
d) Interests and short positions held by J&E Davy, presumed concert party of the Offeree
Class of relevant security: Ordinary Shares
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 67,940* 0.01% Nil -
(2) Cash-settled derivatives: Nil - Nil -
(3) Stock-settled derivatives (including options) and agreements to purchase/ sell: Nil - Nil -
Total: 67,940* 0.01% Nil -
* Held on behalf of discretionary investment clients
e) Interests and short positions held by Barclays Capital Securities Ltd, presumed concert party of the Offeree
Class of relevant security: Ordinary Shares
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 3,960,329 0.75 810,363 0.15
(2) Cash-settled derivatives: 793,557 0.15 3,876,063 0.73
(3) Stock-settled derivatives (including options) and agreements to purchase/ sell: Nil - Nil -
Total: 4,753,886 0.90 4,686,426 0.88
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8. Ap11
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" None
(b) Agreements, arrangements or understandings relating to options or derivatives
Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None
(c) Attachments
Is a Supplemental Form 8 attached? YES/NO
No
Date of disclosure: 19 January 2024
Contact name: Anna-Marie Curry
Telephone number: +353 (0)1 5634012
Public disclosures under Rule 8.1 of the Rules must be made to a Regulatory Information Service.
----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: IE00BJ34P519 Category Code: MSCM TIDM: IRES LEI Code: 635400EOPACLULRENY18 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 298664 EQS News ID: 1819293 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
January 19, 2024 12:45 ET (17:45 GMT)
