Director/PDMR Shareholding

RNS Number : 0311G

Irish Residential Prop REIT PLC

20 November 2020

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation")

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Kenney
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial Notification Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Irish Residential Properties REIT plc ("IRES")
b)	LEI	635400EOPACLULRENY18
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Options to subscribe for Ordinary Shares of €0.10 each ("Ordinary Shares"), (the "Options") IE00BJ34P519
b)	Nature of the transaction	Assignment of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) € 0.4770 1,000,000 Options
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	20 November 2020
f)	Place of the transaction	Outside of a Trading Venue
g)	Additional Information	As disclosed in the IRES announcement dated on 20 November 2020, Mark Kenney has assigned 1,000,000 Options granted to him pursuant to the IRES 2014 Long Term Incentive Plan on 16 April 2014 to CAPREIT, through CAPREIT's qualifying investor alternative investment fund, Irish Residential Properties Fund. The price noted in section (c) above of € 0.4770 per Option, represents the difference between the exercise price of €1.04 payable under each Option, and the volume weighted average price of the underlying Ordinary Shares for the five business day period to close of business on 19 November 2020, being the business day immediately prior to the date of assignment.

 

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