Ires agrees to two Vision board seats to avert showdown at annual general meeting
Property group refused nomination of number-one candidate Vision had put forward
Source: irishtimes.com
Stay updated with breaking news from Declan Moylan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Property group refused nomination of number-one candidate Vision had put forward
Ireland’s largest private sector landlord sold €96.5m of property last year to help keep its debt burden under Reit limit of 50%
Investment firm had backed attempt to replace five directors at egm
Sparks flew as Canadian investors questioned the direction of the company and the future of Ireland’s largest landlord still hangs in the balance
All proposals from a rebel shareholder in Ires Reit were defeated at an extraordinary general meeting (EGM) on Friday.