CIBRA Capital Ltd filed a Form 8.3 opening position disclosure on 10 November 2026 under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2022, revealing a 3.02% interest in Irish Residential Properties REIT plc (ticker: 0QT8) held entirely through cash-settled derivatives. The disclosure, dated as at 9 November 2026, shows CIBRA Capital increased its long swap position across multiple transactions on that date, with prices ranging from EUR 1.32 to EUR 1.366 per ordinary share. The filing is a mandatory regulatory disclosure triggered by CIBRA Capital holding interests representing 1% or more in relevant securities of Irish Residential Properties REIT plc during an Irish Takeover Panel offer period.

Key Points

  • CIBRA Capital Ltd — Form 8.3 disclosure relating to Irish Residential Properties REIT plc (0QT8)
  • CIBRA Capital disclosed a total interest of 15,827,481 cash-settled derivative securities, representing 3.02% of Irish Residential Properties REIT plc's relevant €0.10 ordinary shares
  • All interests are held via swaps; no outright share ownership, stock-settled derivatives, or short positions were reported
  • Investors may be watching whether CIBRA Capital's position changes further in subsequent Rule 8.3 disclosures as the offer period progresses

CIBRA Capital Builds Long Swap Exposure Across Eight Transactions on 9 November 2026

The Form 8.3 sets out eight separate cash-settled swap transactions executed on 9 November 2026, each described as increasing a long position in Irish Residential Properties REIT plc's €0.10 ordinary shares. The largest single transaction involved 7,000,000 reference securities at EUR 1.36535 per unit, followed by a 2,000,000-share swap at EUR 1.365 and a 994,600-share swap at EUR 1.32. The remaining five transactions ranged in size from 7,435 to 1,395,637 reference securities, with prices between EUR 1.363 and EUR 1.366, indicating CIBRA Capital accumulated its exposure across a narrow intraday price band.

Total Position Reaches 15,827,481 Shares at 3.02% Through Cash-Settled Derivatives Only

Following these dealings, CIBRA Capital's total disclosed interest stands at 15,827,481 reference securities in Irish Residential Properties REIT plc, equating to 3.02% of the relevant class. The disclosure confirms that CIBRA Capital holds no directly owned or controlled shares, no stock-settled derivatives, and no short positions. The entire economic exposure is built through cash-settled swaps, meaning the firm does not hold voting rights attached to these securities. The announcement states there are no indemnity arrangements, options agreements, or understandings relating to voting rights or future acquisitions connected to this position.

Irish Residential Properties REIT plc Offer Period Triggers Mandatory Rule 8.3 Reporting

Irish Residential Properties REIT plc is an Irish-listed real estate investment trust focused on the residential property sector in Ireland. The existence of a Form 8.3 filing confirms that an offer period under the Irish Takeover Panel Act, 1997 is active in relation to the company. Under the Takeover Rules 2022, any party holding 1% or more of relevant securities is required to publicly disclose its interests and dealings on each day that dealings occur. The contact named in the filing is Charles Hillier, reachable at CIBRA Capital's London office, and no supplemental Form 8 was attached to this disclosure.