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Future of IRES Reit

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    #32
    SilverFox2
    Registered Users Posts: 28 ✭SilverFox2


    https://www.boards.ie/discussion/comment/121517470#Comment_121517470


    This REIT will not be caught by their own vote as it looks they will block any EGM!

    "The Board considers that Vision Capital’s actions are part of a campaign to undermine the good governance of the Company and to override normal corporate governance standards. The Board believes an EGM is not in the interests of the Company’s shareholders and wider stakeholders."


    An announcement at say 4.30 29th December in the hope the EGM fire blows over during Xmas being my prediction.



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    #33
    kaymin
    Registered Users Posts: 1,527 ✭✭✭kaymin


    https://www.boards.ie/discussion/comment/121521927#Comment_121521927

    If enough shareholders seek an EGM then the board is obliged to convene one and if they don't then the requisitionists can convene an EGM:

    https://www.irishstatutebook.ie/eli/1963/act/33/section/132/enacted/en/html#sec132



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    #34
    SilverFox2
    Registered Users Posts: 28 ✭SilverFox2


    Today's announcement of an EGM was very welcome. There must be more shareholders supporting Vision that forced the legal requirement for this EGM.

    The share price is picking up a tiny bit also as a result of the news.

    The board conducted Strategic Review looks a last cry from a very worried Board. Why was this Strategic Review not conducted last March when the shares were down at 88 cent! Too little too late for me with this forced Strategic review.



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