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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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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