Landlord Ires agrees settlement with activist investor after failed board campaign

Vision Capital has also agreed a standstill on initiating or participating in any further shareholder activist campaigns until after the company’s 2025 AGM

The agreement means that Vision Capital will vote in favour of the Ires board's recommendations until next year's annual general meeting. 

Following a protracted fight over the future of the company, the board of Irish Residential Properties REIT (Ires) has announced a co-operation agreement with Vision Capital which will see two of the activist investor’s nominees join the board.

This comes days after Ires said Vision, which owns 5% of the company, sought a reimbursement of €425,000 from shareholders for its failed campaign to secure five board seats at an extraordinary general meeting in February.