Result of AGM

RNS Number : 2514Y

Irish Residential Prop REIT PLC

11 May 2021

 

11 May 2021

Result of Annual General Meeting

Irish Residential Properties REIT plc ("I•RES" or the "Company") announces that at its Annual General Meeting held today, 11 May 2021, at the Company's registered office at South Dock House, Hanover Quay, Dublin 2, D02 XW94, Ireland, all of the resolutions put to the shareholders at the Annual General Meeting were passed.  Voting on all resolutions was conducted by poll and the results are set out below.

The full text of each resolution, together with explanatory notes, was included in the Notice of Annual General Meeting circulated to shareholders on 30 March 2021 and made available on the Company's website at https://investorrelations.iresreit.ie.

No	Resolution	Votes For	Votes Against	Votes Withheld*
1	To receive and consider the financial statements for the year ended 31 December 2020 and the reports of the Directors and Auditor thereon	257,656,700	0	1,051,445
2 (a)	To re-elect Phillip Burns as a Director	245,140,732	5,648,854	7,918,559
2 (b)	To re-elect Joan Garahy as a Director	255,910,626	1,744,074	1,051,445
2 (c)	To re-elect Tom Kavanagh as a Director	257,656,700	0	1,051,445
2 (d)	To re-elect Mark Kenney as a Director	250,567,792	221,794	7,918,559
2 (e)	To re-elect Declan Moylan as a Director	248,914,756	1,874,830	7,918,559
2 (f)	To re-elect Aidan O'Hogan as a Director	255,912,626	1,744,074	1,051,445
2 (g)	To re-elect Margaret Sweeney as a Director	257,436,906	219,794	1,051,445
3	Authority to call a general meeting on 14 clear days' notice	212,112,002	45,544,698	1,051,445
4	To consider the continuation in office of KPMG as Auditor of the Company	252,162,602	5,494,098	1,051,445
5	Authority to fix the remuneration of the Auditors in respect of the period expiring at the next Annual General Meeting of the Company	249,606,602	8,050,098	1,051,445
6	To receive and consider the Report of the Remuneration Committee on Directors' Remuneration	257,569,538	87,162	1,051,445
7	Authority to allot relevant securities up to specified limits	224,815,007	32,841,693	1,051,445
8(a)	Authority to disapply pre-emption rights in specified circumstances	257,636,600	20,100	1,051,445
8(b)	Additional authority to disapply pre-emption rights for an acquisition or other specified capital investment	257,636,600	20,100	1,051,445
9	Authority to allot relevant securities for the purpose of the LTIP	257,516,242	140,458	1,051,445
10	Authority to disapply pre-emption rights for the purpose of the LTIP	257,516,242	140,458	1,051,445
11	Authority to make market purchases of the Company's own shares	256,445,662	1,120,000	1,142,483
12	Authority to re-allot treasury shares at a specified price range	257,545,562	111,138	1,051,445

* A vote withheld is not a vote in law and is not counted in the proportion of votes for or against a resolution .

The total number of ordinary shares in issue as at 6 p.m. on Monday, 10 May 2021 was 527,553,946.

In accordance with the Listing Rules of Euronext Dublin, copies of the resolutions passed at the Annual General Meeting relating to special business of the Company have been forwarded to Euronext Dublin and will shortly be available for inspection at the following address:

Company Announcements Office

The Irish Stock Exchange plc t/a Euronext Dublin

28 Anglesea Street, Dublin 2, Ireland

Tel:  [phone]

For further information please contact:

For Investor Relations:

Irish Residential Properties REIT plc

Michelle Ang, Director 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 3,836 apartments and houses for private rental in Dublin and Cork with an additional 69 units due for delivery at 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.

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. 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 related to it.

 

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