Block Listing Increase Application

RNS Number : 4413P

Irish Residential Prop REIT PLC

10 June 2020

 

10 June 2020

Irish Residential Properties REIT plc

Block Listing Increase Application

Irish Residential Properties REIT plc (the "Company") announces that an application has been made for an increase to the Company's existing block listing for a total of 2,596,499 new ordinary shares of €0.10 each ("New Shares") to be admitted to trading on Euronext Dublin ("Admission").

The New Shares are to be block-listed under the following schemes:

Scheme Name:	Irish Residential Properties REIT plc 2014 Long Term Incentive Plan
Number of New Shares:	2,596,499

Admission is expected to become effective on 11 June 2020.

The New Shares, which will rank pari passu in all respects with the existing ordinary shares in issue, will be issued from time to time, pursuant to the exercise of options under the Company's 2014 Long Term Incentive Plan.

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 (together with IRES Residential Properties Limited, the "Group") is a growth oriented Real Estate Investment Trust that is focused on acquiring, holding, managing and developing investments primarily focused on private residential rental accommodations in Ireland. The Group currently owns 3,739 apartments and houses for private rental in Dublin and Cork with an additional 164 units due for delivery between now and the end of 2021 under pre-purchase contracts. The Company also has planning approval to develop an additional 609 residential units on its existing sites. The Company's shares are listed on Euronext Dublin.  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.

 

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