Cairn Homes Plc Announces Significant Holding by BlackRock, Inc.

Cairn Homes Plc disclosed that BlackRock, Inc. has surpassed a critical ownership threshold, now possessing a combined total of 3.41% in voting rights within the company as of March 1, 2024. This change in holdings was brought about through acquisitions of both voting rights and financial instruments, leading to an official notification to the Central Bank of Ireland.

The disclosed holding includes 2.66% of voting rights attached to shares, and 0.75% through financial instruments, specifically Contracts for Difference (CFD), which are settled in cash. The overall voting rights position of BlackRock, Inc. in Cairn Homes Plc now stands at a total of 22,110,646 voting rights, marking a significant increase from their previous holdings which were below the 3% notification threshold.

This move by BlackRock, Inc., a prominent investment management corporation based in Wilmington, DE, U.S.A., reflects a potentially strategic interest in the Irish homebuilding company, Cairn Homes Plc. The company has alerted stakeholders and regulatory bodies as per the legal requirements, highlighting the interest of a major global investor in Ireland's real estate sector.