Barclays PLC (BARC) has filed a Form 38.5(b) opening position and dealing disclosure with the Irish Takeover Panel, confirming that its subsidiary Barclays Capital Securities Ltd held a total interest of 1.21% in Irish Residential Properties REIT plc as of 3 November 2026. The disclosure, published on 4 November 2026, was made under Rule 38.5(b) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, and covers both direct share holdings and derivative positions. Barclays Capital Securities Ltd is identified as a connected exempt principal trader to Irish Residential Properties REIT plc, the offeree in the relevant offer process. Investors in the Irish residential property sector may be watching the disclosure closely as it reflects active trading activity around the REIT during an ongoing offer period.

Key Points

  • Barclays PLC (BARC), via subsidiary Barclays Capital Securities Ltd, filed a Form 38.5(b) disclosure with the Irish Takeover Panel
  • Barclays Capital Securities Ltd reported a total interest of 6,324,576 shares, equating to 1.21%, in Irish Residential Properties REIT plc as of 3 November 2026
  • Dealings included purchases of 228,411 ordinary shares at prices between €1.2960 and €1.3040, and sales of 221,709 shares at prices between €1.2980 and €1.3040
  • Investors should watch for further disclosure filings as the offer process relating to Irish Residential Properties REIT plc progresses

Barclays Capital Securities Holds 1.21% Long and 1.20% Short in Irish Residential Properties REIT

The announcement states that Barclays Capital Securities Ltd, acting as a connected exempt principal trader without recognised intermediary status, held 5,937,536 €0.10 ordinary shares outright, representing 1.13% of Irish Residential Properties REIT plc's relevant securities. An additional 387,040 shares were held via cash-settled derivatives on the long side, bringing the total interest to 6,324,576 shares, or 1.21%. On the short side, the disclosure reveals a total short position of 6,298,063 shares, equating to 1.20%, of which 367,895 were outright short positions and 5,930,168 were held through cash-settled derivatives.

Active Share Purchases and Sales Executed on 3 November 2026 Around €1.30 Per Share

The disclosure details that on 3 November 2026, Barclays Capital Securities Ltd sold 221,709 €0.10 ordinary shares at prices ranging from €1.2980 to €1.3040 per unit and purchased 228,411 shares at prices between €1.2960 and €1.3040 per unit. These transactions indicate active two-way dealing in the REIT's shares within a narrow price range. The announcement also details multiple cash-settled derivative transactions, including swaps and contracts for difference, involving both increasing and decreasing long and short positions, with reference prices clustered closely around €1.30 per share.

No Indemnity Arrangements or Derivative Voting Agreements Reported by Barclays Capital Securities

The filing confirms that Barclays Capital Securities Ltd has no indemnity arrangements, option arrangements, or any formal or informal agreements that could serve as an inducement to deal or refrain from dealing with any party to the offer or persons acting in concert. Similarly, the company disclosed no agreements relating to voting rights under any option or derivative referenced in the form. The disclosure was submitted by Barclays' Large Holdings Regulatory Operations team and pertains solely to Irish Residential Properties REIT plc, with no additional offer parties covered in this filing.