Irish Residential Properties REIT Plc Initiates Share Buyback Programme

Irish Residential Properties REIT Plc (I-RES) has launched a share buyback programme, initially announced on 20 February 2025. The programme, valued at up to €5 million, aims to reduce the company's share capital and involves purchasing ordinary shares on Euronext Dublin.

I-RES has entered an agreement with J&E Davy to manage the buyback independently, according to pre-set parameters. The initiative is set to conclude by 31 May 2025, dependent on market conditions.

The buyback follows the company's authority to repurchase shares, approved at the AGM in May 2024, and complies with EU and Irish regulations. The details of repurchased shares will be reported to regulatory services. This initiative does not guarantee full implementation or purchase of shares.