Cairn Homes Initiates Share Buyback with 300,000 Shares

Cairn Homes plc announced the purchase of 300,000 of its ordinary shares on November 20, 2024. The transaction occurred on Euronext Dublin and the London Stock Exchange through their broker, Numis Securities Ltd, now operating as Deutsche Numis. These shares, all with a nominal value of €0.001, will be cancelled.

The purchases include 200,000 shares from Euronext Dublin and 100,000 from the London Stock Exchange. The highest price paid on Euronext was €2.115, whereas the highest in London was £1.764. The company's buyback initiative began on July 3, 2024. After cancellation, the total ordinary shares issued will be 625,285,020.

This move aligns with the company's strategy to consolidate its equity structure, ensuring shareholder value is maintained. The Market Abuse Regulation guides this buyback, ensuring transparency and adherence to financial regulations.