Irish Residential Properties REIT Plc Announces Major Shareholding Changes

Irish Residential Properties REIT Plc (IRES) has disclosed a significant shift in its shareholding structure. The announcement made on March 27, 2024, highlighted a notable acquisition or disposal of voting rights, marking a change in the company’s major holdings. MPMF Fund Management (Ireland) Limited, managing Irish Residential Properties Sub-Fund 1, emerged as the central figure in this transition, with its registered office based in Dublin, Ireland. The entity is backed by CAPREIT Limited Partnership as the shareholder differing from the notifier.

The crossing of the threshold occurred on the same day as the notification, with the fund's voting rights in IRES reaching 11.3%, a decrease from the previous notification of 13.8%. This change in voting rights corresponds to a total of 59,825,231 shares. This development signifies a strategic adjustment within the company’s investor base, with immediate effects on the distribution of voting powers among its shareholders. The detailed report underscores the transparency and regulatory compliance surrounding shareholding notifications and adjustments within Irish Residential Properties REIT Plc.