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 combined long interest of 1.22% in Irish Residential Properties REIT plc as of 4 November 2026. The disclosure, published on 5 November 2026, was made under Rule 38.5(b) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, applicable to connected exempt principal traders. Barclays Capital Securities is identified as connected to Irish Residential Properties REIT plc, the offeree in the relevant offer. Investors monitoring the Irish residential property sector may note the scale and composition of these disclosed positions.

Key Points

  • Barclays PLC (BARC) filing via subsidiary Barclays Capital Securities Ltd
  • Form 38.5(b) discloses positions and dealings in Irish Residential Properties REIT plc €0.10 Ordinary Shares as of 4 November 2026
  • Total long interest of 6,375,285 shares (1.22%); total short position of 6,348,772 shares (1.21%) following dealings
  • Investors should watch for further disclosures as the offer process around Irish Residential Properties REIT plc progresses

Barclays Capital Securities Holds 1.22% Long and 1.21% Short in Irish Residential Properties REIT

Following dealings undertaken on 4 November 2026, Barclays Capital Securities Ltd reported a total long interest of 6,375,285 shares, equating to 1.22% of Irish Residential Properties REIT plc's €0.10 Ordinary Shares. This comprises 5,973,111 shares (1.14%) owned or controlled directly, alongside 402,174 shares (0.08%) held via cash-settled derivatives. On the short side, the total position stood at 6,348,772 shares, or 1.21%, split between 383,366 shares (0.07%) in outright short positions and 5,965,406 shares (1.14%) through cash-settled derivatives. No stock-settled derivatives or options were reported.

Purchases and Sales of Irish Residential Properties REIT Shares on 4 November 2026

The disclosure confirms that Barclays Capital Securities executed both purchases and sales in Irish Residential Properties REIT plc's ordinary shares on 4 November 2026. Sales totalled 876,127 shares, with prices ranging from a low of €1.2990 to a high of €1.3100 per unit. Purchases totalled 896,231 shares, transacted between €1.2990 and €1.3079 per unit. These dealings reflect market-making activity undertaken in the subsidiary's capacity as a connected exempt principal trader, without recognised intermediary status or in a client-serving capacity, as defined under the applicable Irish Takeover Rules.

Swap and CFD Activity Across Multiple Derivative Transactions in IRES REIT Shares

Beyond the outright share transactions, Barclays Capital Securities reported an extensive series of cash-settled derivative dealings, including swaps and a contract for difference (CFD), referencing Irish Residential Properties REIT plc's ordinary shares. These transactions included both increasing and decreasing long and short positions across multiple swap lines, with individual reference security counts and prices detailed in the filing. A CFD transaction involved 15,400 reference securities at €1.2993 per unit, categorised as a decreasing short. The company confirmed no indemnity arrangements, options agreements, or supplemental forms were applicable to this disclosure.

Irish Residential Properties REIT plc Identified as Offeree in Active Offer Process

Irish Residential Properties REIT plc, the subject of the disclosure, is an Irish-listed real estate investment trust focused on the residential property sector in Ireland. Its €0.10 Ordinary Shares are the class of relevant security referenced throughout the filing. The requirement for Barclays Capital Securities to submit this Form 38.5(b) arises from its connected status to the offeree during an active offer period governed by the Irish Takeover Panel. The filing confirms no agreements or understandings exist between the disclosing party and any other person relating to voting rights or future acquisition of relevant securities.