Cairn Homes Plc Announces Share Buyback on Euronext Dublin and London Stock Exchange

Cairn Homes Plc disclosed that it executed a share buyback on 07 March 2024, purchasing a total of 230,000 ordinary shares. The transaction involved shares of EUR 0.001 each and occurred across Euronext Dublin and the London Stock Exchange. Cairn Homes worked with Numis Securities Ltd for the trades, intending to cancel the acquired shares.

The operation included 150,000 shares bought on Euronext Dublin and 80,000 on the London Stock Exchange. Prices ranged from €1.518 to €1.538 per share on Euronext Dublin and £1.298 to £1.316 on the London Stock Exchange. Following the buyback, Cairn Homes will have 646,677,728 ordinary shares, with all carrying voting rights. The company confirmed holding no ordinary shares in treasury post-transaction.

This buyback forms part of Cairn Homes' previously announced programme from 3 March 2023, aimed at reducing the number of outstanding shares and potentially increasing the value of remaining shares. Compliance with the Market Abuse Regulation (EU) No 596/2014 was noted, highlighting transparency in the repurchase process.