Shares in Ires Reit dropped on Friday after shareholders voted down proposals tabled by activist investor Vision Capital and analysts at Goodbody anticipated the downward momentum will continue.
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Future of Ires Reit on the line as shareholders gear up for crucial EGMA crucial shareholder meeting to decide the future of Ires Reit, Ireland’s largest private landlord, will take place in Dublin on Friday morning following a bitter row that has engulfed the company, pitting key management in Ires in a head-to-head battle with one of the group’s largest shareholders.
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Companies Ires Reit EGM: Margaret Sweeney to survive as shareholders back re-election of boardPreliminary results from the Ires Reit EGM indicate that the entire board, including Margaret Sweeney, the chief executive, will be re-elected. Shareholders in Ires Reit, Ireland’s largest private landlord, look to have voted down all of the proposals tabled by activist investor Vision Capital following a crucial emergency general meeting held in Dublin on Friday morning.
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