Dividend Declaration

RNS Number : 7381P

Irish Residential Prop REIT PLC

19 February 2021

 

19 February 2021

Dividend Declaration

Irish Residential Properties REIT plc (the "Company") announces that further to the publication of its preliminary results for the year ended 31 December 2020, the board of the Company is pleased to announce that it has declared a dividend of 3.22 cent per share for the year ended 31 December 2020. The 3.22 cent per share will be wholly a Property Income Distribution ("PID") as defined by the Irish REIT legislation and will be paid on 20^th April 2021 to shareholders on record on 26^th March 2021. Due to the migration of the Company's uncertificated shares from the CREST settlement system operated by Euroclear UK and Ireland Limited to the settlement system operated by Euroclear Bank SA/NV, which is expected to occur on 15 March 2021, the Board has determined that, in order to avoid any potential disruption that may occur should a dividend be declared and paid during the migration process, the dividend for the year ended 31 December 2020 will be paid in April 2021 rather than March 2021 as would normally be the case.

For further information please contact:

For Investor Relations:

Irish Residential Properties REIT plc 

Sarah Stokes, Investor Relations Tel: [phone]

Margaret Sweeney, Chief Executive Officer   Tel: [phone]

For Media Requests:

Q4PR

Gerry O'Sullivan                                                                                                       Tel: + 353 (0) 87 259 7644

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 3,834 apartments and houses for private rental in Dublin and Cork with an additional 69 units due for delivery between now and the end of H1 2022 under pre-purchase contracts. The Company has a further 61 units currently under construction directly on owned sites with planning approval to develop an additional 543 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.

Important information

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

Announcements relating to the EGM 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 (including Migration) or trends, and similar expressions concerning matters that are not historical facts and many of which are outside the Company's control and difficult to predict (certain of which are set out in the Circular with respect to Migration).  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.  Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date they are given and are subject to change without notice.  Except as required by law or by any appropriate regulatory authority, 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 including in respect of the Covid-19 pandemic, the uncertainty of its duration and impact, and any government regulations or legislation in relation to it. 

 

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