FORM 8.1(a) & (b)
(Opening Position Disclosure)
IRISH TAKEOVER PANEL
OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREE
1. KEY INFORMATION
(a) Full name of discloser: | Irish Residential Properties plc |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. | N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Irish Residential Properties plc |
(d) Is the discloser the offeror or the offeree? | OFFEREE |
(e) Date position held: The latest practicable date prior to the disclosure | 8 October 2026 |
(f) In addition to the company in 1(c) above, is the discloser also making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” | N/A |
2. INTERESTS AND SHORT POSITIONS
If there are interests and positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security.
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Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates (Note 1)
Class of relevant security: (Note 2) |
| Interests | Short positions |
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | NIL | - | NIL | - |
(2) Cash-settled derivatives: | NIL | - | NIL | - |
(3) Stock-settled derivatives (including options) and agreements to purchase/ sell: | NIL | - | NIL | - |
Total: | NIL | - | NIL | - |
All interests and all short positions should be disclosed.
Details of options including rights to subscribe for new securities and any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8.
3. INTERESTS AND SHORT POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY MAKING THE DISCLOSURE
Details of any interests and short positions (including directors’ and other employee options) of any person acting in concert with the party making the disclosure: |
- Interests held by directors of the Offeree, their close relatives and related trusts in the ordinary shares of €0.10 each in the capital of the Offeree (“Ordinary Shares”)
Director | Number of Ordinary Shares held | Percentage of total issued Ordinary Shares | Hugh Scott-Barrett | 125,000 | 0.024% | Eddie Byrne* | 792,265 | 0.151% | Tom Kavanagh | 181,127 | 0.035% | Denise Turner | 100,000 | 0.019% |
Gary Britton | NIL | - | Shruthi Chindalur | NIL | - |
Stefanie Frensch | 45,000 | 0.009% |
* Of Eddie Byrne’s position, 191,962 Ordinary Shares (acquired out of his cash bonus and subject to a three-year restriction) are held on trust for him by PricewaterhouseCoopers as Trustee of the Irish Residential Properties REIT plc Employee Share Trust, and are included in the figure disclosed below in table 3(c). - Directors’ conditional performance-based share awards granted under the IRES Long Term Incentive Plan
Director | Award Date | No. of Ordinary Shares | Vesting Date (from) | Eddie Byrne | 28-May-24 | 642,921 | 28-May-27 | Eddie Byrne | 21-Mar-25 | 669,013 | 21-Mar-28 | Eddie Byrne | 19-Feb-26 | 608,180 | 19-Feb-29 | Eddie Byrne | 05-Oct-26 | 67,573 | 05-Oct-29 |
- Interests and short positions held by PricewaterhouseCoopers, presumed concert party of the Offeree as Trustee of the Irish Residential Properties plc Employee Share Trust
Class of relevant security: Ordinary Shares | | Interests | Short positions | | Number | % | Number | % | - Relevant securities owned and/or controlled
| 568,072 | 0.108% | Nil | - | - Cash-settled derivatives
| Nil | - | Nil | - | - Stock-settled derivatives (including options) and agreements to purchase/sell
| Nil | - | Nil | - | Total: | 568,072 | 0.108% | Nil | - |
- Interests and short positions held by J&E Davy, presumed concert party of the Offeree
Class of relevant security: Ordinary Shares | | Interests | Short positions | | Number | % | Number | % | - Relevant securities owned and/or controlled
| 144,765* | 0.028% | Nil | |
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