Cairn Homes Plc Announces Share Buyback Transactions

Cairn Homes Plc (CRN) disclosed a significant financial move on the 21st of March, 2024, detailing its acquisition of 90,179 of its own ordinary shares. These transactions occurred on two major stock exchanges, Euronext Dublin and the London Stock Exchange, executed through Numis Securities Ltd. This suit of buybacks saw shares procured at varying prices, with the highest on Euronext Dublin at €1.588 and on the London Stock Exchange at £1.358. Conversely, the lowest prices recorded were €1.576 and £1.342 respectively.

The company's strategy to buy back shares will result in the cancellation of these acquired shares, as part of their previously announced share buyback programme initiated on the 3rd of March, 2023. Following the completion of this transaction, Cairn Homes Plc's total number of ordinary shares in circulation will adjust to 645,297,549 shares, without holding any ordinary shares in treasury.

This financial maneuver aligns with the European Union's Market Abuse Regulation guidelines, under Article 5(1)(b). This strategic share buyback initiative forms part of Cairn Homes Plc's broader financial management practices aimed at enhancing shareholder value. The details of the purchase activities have been meticulously itemized, underscoring the company's commitment to transparency.