Setanta Asset Management's Holding in Irish Residential Properties REIT Falls Below 4%

Irish Residential Properties REIT Plc (IRES) has announced that Setanta Asset Management Limited's stake in the company has decreased, crossing below the 4% threshold. This significant change in shareholding was officially reported on 26 March 2024, with the threshold being crossed the previous day, 25 March 2024. The notification confirms this shift in stock ownership dynamic is specifically linked to an acquisition or disposal of voting rights, rather than any financial instruments or other events altering voting rights breakdown.

As per the details disclosed, Setanta Asset Management now holds 3.983% of the voting rights in Irish Residential Properties REIT, amounting to a total of 21,092,571 voting rights within the company. This decrease from a previous notification percentage of 4.97% highlights a notable change in the investment firm's holding pattern. The communication also states that there are no financial instruments being counted towards the total voting rights, emphasizing that the current position is exclusively based on direct share ownership.