Cairn Homes Plc Announces Share Buyback Transactions

Cairn Homes Plc (the “Company”), on 11 March 2024, declared that it successfully completed the acquisition of 220,000 of its own ordinary shares on 08 March 2024. This transaction took place across two major exchanges, Euronext Dublin and the London Stock Exchange, facilitated by Numis Securities Ltd. These repurchases, part of its ongoing share buyback program initiated on 3 March 2023, aim for cancellation of the acquired shares.

The Company distributed the buying evenly, with 120,000 shares acquired on Euronext Dublin and 100,000 on the London Stock Exchange. Prices for these repurchases varied, showing a highest price of €1.514 and £1.290 and a lowest of €1.486 and £1.262 on respective exchanges. The average prices paid were €1.496214 and £1.273806 per ordinary share.

With the completion of these transactions, the Company's total number of shares in issue will adjust to 646,457,728, maintaining the one vote per share structure, with no ordinary shares held in treasury. This move reflects Cairn Homes Plc’s strategy to buy back shares for cancellation, potentially enhancing shareholder value.