BofA Securities Europe SA, the exempt principal trader arm of Bank of America Merrill Lynch (0QT8), has filed a formal opening position disclosure under the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, in relation to Irish Residential Properties REIT PLC. The disclosure, dated 9 November 2026 and reflecting positions held as of 6 November 2026, confirms that BofA Securities Europe holds a net long interest of 50,466 ordinary shares, representing 0.010% of the REIT's relevant securities. The filing is connected to Baring International Investment Limited as the party to the offer, signalling an active takeover process surrounding the Irish residential property trust. Investors will be watching for further position updates as the offer process develops under Irish regulatory oversight.

Key Points

  • Bank of America Merrill Lynch / BofA Securities Europe SA (0QT8) filed a Form 38.5(b) disclosure with the Irish Takeover Panel
  • BofA Securities Europe holds 50,466 ordinary shares in Irish Residential Properties REIT PLC, equating to 0.010% of relevant securities, with no short positions reported
  • Dealings on 6 November 2026 included purchases and sales of 53,216 ordinary shares each, with prices ranging between EUR 1.288 and EUR 1.306, plus a borrow of 19,462 shares at EUR 1.296
  • Investors should monitor further Rule 38 disclosures as the Baring International Investment Limited offer process for Irish Residential Properties REIT PLC continues

BofA Securities Europe's 0.010% Position in Irish Residential Properties REIT PLC Explained

Irish Residential Properties REIT PLC is an Irish-listed real estate investment trust focused on the residential property sector in Ireland. The disclosure confirms that BofA Securities Europe SA, acting as a connected exempt principal trader without recognised intermediary status, holds 50,466 ordinary shares in the REIT, representing 0.010% of its relevant securities as of 6 November 2026. The filing reports no short positions, no cash-settled derivatives, and no stock-settled derivatives outstanding. The disclosure was submitted in accordance with Rule 38.5(b) and Rule 38.6 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, confirming compliance with mandatory transparency requirements during an offer period.

Share Purchases, Sales and Borrow Transactions Recorded on 6 November 2026

On 6 November 2026, BofA Securities Europe conducted matching purchases and sales, each totalling 53,216 ordinary shares of EUR 0.10 each in Irish Residential Properties REIT PLC. Purchases were transacted at prices between EUR 1.288 and EUR 1.302 per share, while sales ranged between EUR 1.292 and EUR 1.306 per share. Additionally, the trader executed a borrow of 19,462 shares at EUR 1.296 per unit, categorised under other dealings in the disclosure. No cash-settled or stock-settled derivative transactions were reported for this date, and no supplemental Form 8 was attached to the filing.

Connection to Baring International Investment Limited and Irish Takeover Panel Oversight

The disclosure identifies Baring International Investment Limited as the party to the offer with which BofA Securities Europe is connected, placing these dealings firmly within a live Irish takeover context. Under the Irish Takeover Panel's rules, all connected exempt principal traders are required to make opening position disclosures and ongoing dealing disclosures throughout an offer period to maintain market transparency. The announcement states that this is a cash offer or possible cash offer scenario, as the form records "N/A" in response to whether disclosures are being made in respect of any other party. Contact for the disclosure is listed as Kamil Dziedzic, reachable via the telephone number provided in the filing.