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 7,319,053 shares, equivalent to 1.40%, in Irish Residential Properties REIT plc as at 6 November 2026. The disclosure, published on 9 November 2026, was made under Rule 38.5(b) of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. The filing identifies Barclays Capital Securities Ltd 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 developments closely given the regulatory disclosure requirements that accompany a live takeover situation.

Key Points

  • Barclays PLC (BARC), via subsidiary Barclays Capital Securities Ltd
  • Form 38.5(b) filed with the Irish Takeover Panel disclosing a 1.40% total interest in Irish Residential Properties REIT plc
  • Dealings on 6 November 2026 included purchases of 1,418,476 shares and sales of 627,535 shares in €0.10 ordinary shares, with prices ranging between 1.2873 EUR and 1.3020 EUR per unit
  • Investors should watch for further disclosure filings as the takeover process involving Irish Residential Properties REIT plc progresses

Barclays Capital Securities' Position in Irish Residential Properties REIT Following 6 November Dealings

As at 6 November 2026, Barclays Capital Securities Ltd reported a total interest of 7,319,053 shares, representing 1.40% of Irish Residential Properties REIT plc's €0.10 ordinary shares. Within this, the firm held 6,892,077 shares owned or controlled, amounting to 1.31%, alongside 426,976 shares held via cash-settled derivatives, equal to 0.08%. On the short side, total short positions reached 7,292,515 shares, or 1.39%, comprising 408,909 shares in direct short positions and 6,883,606 shares through cash-settled derivatives. No stock-settled derivatives or options were reported in the announcement.

Share Purchases and Sales Executed on 6 November 2026 in €0.10 Ordinary Shares

The announcement states that Barclays Capital Securities Ltd purchased 1,418,476 ordinary shares on 6 November 2026, with prices ranging from 1.2900 EUR to 1.3020 EUR per unit. The firm also sold 627,535 shares during the same session, at prices between 1.2873 EUR and 1.3020 EUR per unit. These transactions were conducted in Barclays Capital Securities Ltd's capacity as a connected exempt principal trader, acting without a recognised intermediary status or not dealing in a client-serving capacity, as required under the applicable Irish Takeover Panel rules.

Cash-Settled Derivative Activity Across Swaps and CFDs Referenced to Irish Residential Properties REIT

Beyond direct share dealings, the disclosure details a range of cash-settled derivative transactions referencing Irish Residential Properties REIT plc's ordinary shares. These included swap and CFD transactions across increasing and decreasing long and short positions. Notable among these was an increasing short swap covering 916,673 reference securities at 1.3020 EUR per unit, alongside various smaller swap and CFD adjustments. The announcement confirms that no indemnity arrangements, options, or agreements relating to voting rights or future acquisition were in place, and no Supplemental Form 8 was attached to the filing.