Cairn Homes Plc Announces Updated Shareholding Information

Cairn Homes Plc (CRN) disclosed a significant change in shareholdings on April 11, 2024. A declaration submitted to the Central Bank of Ireland indicates an acquisition of voting rights by abrdn plc affiliated investment management entities. This move brings their total share to a 4.11% voting right in Cairn Homes, crossing the 4% threshold.

The notification, which follows the TR-1 standard for major holdings, highlighted the threshold was crossed on April 9, 2024, with Cairn Homes being informed the following day. Prior to this change, abrdn plc’s affiliated entities held a 3.43% voting right, marking a significant increase to their current 4.11%.

Managed by abrdn Investment Management Limited, the voting rights represent a direct holding of 26,666,863 shares out of Cairn Homes’ total 648,941,938, showcasing the investment manager's confidence in the real estate firm. The detailed announcement reflects the intricate structure of ownership and control within abrdn plc’s investment hierarchy. Such disclosures ensure transparency in the market, allowing stakeholders to observe influential shifts within Cairn Homes’ shareholding structure.