AVI Global Trust Plc Increases Stake in Irish Residential Properties REIT

Irish Residential Properties REIT plc (IRES) announced a major change in their shareholding structure as AVI Global Trust plc has increased its stake in the company. This change was officially notified to both the issuer and the Central Bank of Ireland, triggering a mandatory disclosure due to the crossing of a significant threshold.

The notification, triggered by an acquisition of voting rights, reported that AVI Global Trust plc crossed a threshold, now holding 4.248658% of voting rights as of March 27, 2024. This is an increase from a previous holding of 3.304512%. The change in shareholding took place in London, UK, and was made public on March 28, 2024. Notably, no financial instruments were involved in crossing this threshold, with all voting rights attached directly to shares. The total number of voting rights in the issuer now stands at 22,500,000.

AVI Global Trust plc and its significant voting power in Irish Residential Properties REIT underline the dynamic nature of shareholding structures and the importance of transparency in major holdings. The legal obligations to report such changes ensure that the market remains informed about the distribution of voting rights, which could influence company decisions and investor relations.