Irish Residential Properties REIT Extends PUSU Deadline

Irish Residential Properties REIT plc (I-RES) confirmed an extension of the "Put Up or Shut Up" (PUSU) deadline related to a potential acquisition offer from Baring International Investment Limited. This follows Barings' previous proposal to acquire I-RES' entire ordinary share capital at €1.386 per share. Originally set for 9 November 2026, this deadline is now extended to 10 November 2026, pending final transaction details.

The Board of I-RES, after assessing the offer value, is inclined to recommend a firm bid to shareholders should Barings proceed with actionable terms per the Irish Takeover Rules. Meanwhile, Barings retains rights to adjust the offer terms, subject to Board and regulatory approvals. A final decision remains uncertain at this stage, with updates forthcoming as appropriate.