“Shareholder activism lags behind that of our neighbors in the UK although there is no lack of attractive opportunities in the region.”
Jonathan Neilan, Managing Director
Country:
Ireland
Average % of insider ownership:
To learn more about this country, please click on the tabs below
Ireland has seen an increasing number of activist actions since 2015, bringing the total number of campaigns since 2015 to 12. Ranked 2nd in the Eurozone for ease of doing business, Ireland combines a favorable economic environment and a diverse market for investment. Companies listed on the Main Securities Market are required to comply with both the UK Corporate Governance Code and the Irish Corporate Governance Annex
Shareholders reaching, exceeding, or falling below a 3 percent threshold, or where the holder exceeded 3 percent both before and after the transaction, must disclose their voting interests and provide updates when ownership changes whole number increments. The disclosure threshold was reduced from 5 percent to 3 percent following enactment of the Companies Act 2014 of Ireland.
Like the UK, structural defenses are limited for Irish listed companies.
Top Campaigns by Type
1. Gain Board Representation
2. Removal of CEO or other Board member
3. Activist Short
Campaigns By Year
Total
Campaigns
Notable Invested Activists
• Worldview Capital Management
• Natlata Partners Limited
• Hayman Capital Management
Recent activism campaigns
| Allergan Plc | VS. |
Third Point Partners |
| PetroNeft Resources PLC | VS. |
Natlata Partners Limited |
| Petroceltic | VS. |
Worldview Capital Management |
Total Active
Campaigns
Contact FTI Consulting
Capital Markets Research and Activist Engagement
Managing Director
+1 312 861 4721
Geoff.Serednesky@FTIConsulting.com
Managing Director
+353 1 663 3686
Jonathan.Neilan@fticonsulting.com