Bank of America Merrill Lynch's trading arm, BofA Securities Europe SA, has filed a Form 38.5(b) opening position disclosure with the Irish Takeover Panel in relation to Irish Residential Properties REIT PLC (0QT8), dated 6 November 2026. The filing reveals the exempt principal trader holds a net long position of 31,004 ordinary shares, equivalent to 0.006% of the REIT's relevant securities. The disclosure is connected to Baring International Investment Limited, a named party to the offer, and was made under Rule 38.5(b) and Rule 38.6 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022. Investors in the Irish residential property sector will be watching the evolving ownership picture as the takeover process continues.

Key Points

  • Irish Residential Properties REIT PLC (0QT8), subject of a live Irish Takeover Panel process
  • BofA Securities Europe SA discloses a 0.006% long position of 31,004 ordinary shares as at 5 November 2026
  • 57,146 ordinary shares purchased at prices between €1.290 and €1.314; matched by 57,146 sales between €1.294 and €1.300
  • Investors should monitor further Rule 38 disclosures as the offer involving Baring International Investment Limited develops

BofA Securities Europe's Position in Irish Residential Properties REIT as at 5 November 2026

According to the Form 38.5(b) filing, BofA Securities Europe SA held 31,004 ordinary shares in Irish Residential Properties REIT PLC, representing 0.006% of relevant securities as at 5 November 2026. The disclosure records no short positions, no cash-settled derivatives, and no stock-settled derivatives or agreements to purchase or sell. The filing confirms BofA Securities Europe is acting as a connected exempt principal trader without recognised intermediary status, or not dealing in a client-serving capacity, in line with the requirements of the Irish Takeover Rules, 2022.

Details of BofA Securities Europe's €0.10 Ordinary Share Dealings on 5 November 2026

The announcement states that BofA Securities Europe purchased 57,146 €0.10 ordinary shares in Irish Residential Properties REIT PLC, with prices ranging from a low of €1.290 to a high of €1.314 per unit. Simultaneously, the firm sold 57,146 shares in the same class, with prices ranging between €1.294 and €1.300 per unit. No cash-settled derivative transactions, stock-settled derivative transactions, or other dealings were reported in the filing. There are no indemnity arrangements or agreements relating to options or derivatives disclosed.

Baring International Investment Limited's Connection and the Irish Takeover Panel Process

The filing identifies Baring International Investment Limited as the party to the offer with which BofA Securities Europe SA is connected, as required under Irish Takeover Panel disclosure rules. Irish Residential Properties REIT PLC is a Dublin-based real estate investment trust focused on the Irish residential property market. The disclosure forms part of ongoing transparency obligations imposed by the Irish Takeover Panel Act, 1997, requiring connected exempt principal traders to report their positions and dealings publicly via a Regulatory Information Service throughout the offer period.