Ires investor targets directors as pushes for group to be put up for sale via IrishTimesBiz
The board of Ires said that it “notes the open letter” and that it “will respond in due course”. The agm is due to take place on May 4th.
Vision Capital said that it has been a shareholder in Ires since 2014 and has been privately airing its concerns with the company since July 2021. It highlighted that the stock has been trading for some time well below its underlying net asset value, with its 94 cents closing price on Tuesday representing a 44 per cent discount to its own year-end assessment of its value.
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