Cairn Homes Plc Allots New Shares Under Incentive Plan

Cairn Homes Plc has announced the approval of 5,329,015 new ordinary shares, each valued at €0.001, following the vesting of share awards under its Long Term Incentive Plan. This move aims to reward a group of employees. The company has applied for these shares to be listed on the Euronext Dublin and the UK Listing Authority, with trading expected to commence on April 8, 2025.

These new shares will hold equal standing with the current shares within the company. With this allotment, Cairn Homes’ total issued share capital is set to increase to 625,576,122 ordinary shares. This adjustment aligns with Cairn's commitment to strategically expanding its share capital to bolster its workforce incentives.