I-RES Applauds ISS Recommendation to Reject All Resolutions at Upcoming EGM

02 February, 2024 | 2 Min Read

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I-RES Welcomes ISS Recommendation to Vote AGAINST All Resolutions at Forthcoming EGM

Irish Residential Properties REIT (I-RES) has expressed its satisfaction with the recommendation given by Institutional Shareholder Services (ISS) to vote against all resolutions proposed by Vision Capital Corporation at the Extraordinary General Meeting (EGM) on February 16, 2024.

I-RES, a growth-oriented Real Estate Investment Trust providing quality professionally managed homes in Ireland, welcomes the report issued by ISS, a leading corporate governance advisory institution. The recommendation to vote against all resolutions proposed by Vision Capital Corporation solidifies I-RES’s position.

The I-RES Board has consistently advised shareholders to vote against all resolutions proposed by Vision at the forthcoming EGM. This alignment with ISS’s recommendation further strengthens I-RES’s stance against Vision’s proposals.

I-RES is committed to offering excellent service, operating responsibly, minimizing its environmental impact, and maximizing its contribution to the community. The company currently owns 3,734 apartments and houses for private rental in Dublin and Cork, and it aims to be the preferred provider in the Irish living sector.

For further information, investors can contact Luke Ferriter, Investor Relations at I-RES, or Margaret Sweeney, Chief Executive Officer. Media queries can be directed to Padraig McKeon, I-RES PR and Communications, or Jonathan Neilan from FTI Consulting.

Please note that this announcement does not constitute an offer, invitation, or solicitation to purchase or dispose of any securities. Compliance with relevant restrictions is advisable, as the release, distribution, or publication of this announcement in jurisdictions outside Ireland may be subject to applicable laws.

The directors of I-RES take responsibility for the information provided in this announcement and confirm that it aligns with the facts and does not omit any material information.

(Disclaimer: This article is for informational purposes only. The content does not constitute investment advice or an endorsement of any particular investment product. Please consult with a professional financial advisor before making any investment decisions.)