Cairn Homes Plc Announces Share Buyback Completion

Cairn Homes Plc disclosed a comprehensive repurchase of its shares on April 9, 2024, through transactions on Euronext Dublin and the London Stock Exchange. This operation saw the company acquiring 98,876 of its ordinary shares, with the intention to cancel these shares subsequently. The buyback activity featured shares bought at various prices, achieving volume-weighted average costs of €1.5971 and £1.3701 on the respective stock exchanges.

The transactions are part of Cairn Homes’ share buyback program that was previously announced on March 3, 2023. Following the settlement and subsequent cancellation of these repurchased shares, Cairn Homes will adjust its total number of ordinary shares in issue to 648,941,938. It is noted that the company will not retain any of the repurchased shares in treasury, indicating a move to reduce share capital.

Details of the individual trades executed as part of this buyback effort were handled by Goodbody Stockbrokers UC. This process reflects the company's commitment to returning value to its shareholders and managing its share capital efficiently. Cairn Homes has been transparent, providing detailed breakdowns of each transaction according to regulatory requirements.