BNP Paribas Real Estate Investment Management France has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a sale of 2,118,855 ordinary shares in Irish Residential Properties REIT Plc (0QT8) at a price of €1.362 per share. The dealing was undertaken on 12 November 2026, with the disclosure published on 13 November 2026. Following the transaction, BNP Paribas REIM France holds a remaining interest of 5,019,004 shares, equivalent to 0.96% of Irish Residential Properties REIT's relevant securities. Investors may be watching this disclosure closely given the mandatory reporting threshold that applies during an Irish Takeover Panel offer process.

Key Points

  • Irish Residential Properties REIT Plc (0QT8) is the offeree named in this Irish Takeover Panel disclosure
  • BNP Paribas Real Estate Investment Management France sold 2,118,855 ordinary shares at €1.362 per share on 12 November 2026
  • Remaining interest stands at 5,019,004 shares, representing 0.96% of relevant securities (€0.10 ordinary shares, ISIN IE00BJ34P519)
  • Investors should watch for further Rule 8.3 disclosures as the Irish Takeover Panel process continues

BNP Paribas REIM France Reduces Irish Residential Properties REIT Holding Below 1%

The disclosure confirms that BNP Paribas Real Estate Investment Management France sold 2,118,855 ordinary shares in Irish Residential Properties REIT Plc at €1.362 per unit on 12 November 2026. Following this sale, the total remaining interest held amounts to 5,019,004 shares, representing 0.96% of the relevant class of securities. The shares in question are €0.10 ordinary shares carrying ISIN IE00BJ34P519. The disclosure was submitted by contact Sonia Ravendran at BNP Paribas London and filed with a Regulatory Information Service in accordance with Irish Takeover Panel requirements.

Irish Takeover Panel Rule 8.3 Obligations Triggered by Offer for Irish Res Prop REIT

Under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2022, any person holding interests in relevant securities representing 1% or more of an offeror or offeree company is required to make an opening position disclosure and report all subsequent dealings. The form filed by BNP Paribas REIM France is classified as an opening position disclosure and covers dealings in the €0.10 ordinary shares of Irish Residential Properties REIT Plc. The announcement states no indemnity arrangements, options, or agreements relating to voting rights or future acquisitions are in place, with both relevant sections confirmed as "none."

Irish Residential Properties REIT Plc: Background as an Irish-Listed Residential Landlord

Irish Residential Properties REIT Plc is a Dublin-based real estate investment trust focused on the Irish residential property sector. The company owns and manages a portfolio of private rental residential units across Ireland, generating income through rental receipts. As a REIT, it is structured to distribute a significant portion of its rental income to shareholders. The company's ordinary shares, denominated at €0.10 each, are subject to Irish Takeover Panel oversight during any active offer process, requiring institutional holders to disclose interests and dealings in a timely and transparent manner under the applicable Takeover Rules.