Ires Reit’s Canadian founder Capreit has continued to drip feed shares in the Irish property company into the market after a showdown extraordinary general meeting last Friday in which an attempt at a boardroom coup was defeated.
Almost 60 per cent of votes at the egm were cast against resolutions put forward by activist investor Vision Capital to replace four of the five directors, including chairman Declan Moylan and chief executive Margaret Sweeney.It seems much of what we think we know about working from home is wrong Still, the level of shareholder dissension against directors will pile pressure on the board of Ires as it proceeds out its own strategic review, promised early last month and set to commence following the release of the group’s 2023 results next Friday.