Cairn Homes Plc Executes Share Buyback

Cairn Homes Plc, a key player in the homebuilding sector, has announced a significant transaction involving the repurchase of its own shares. On August 2, 2024, the company acquired a total of 100,000 ordinary shares, partitioned between Euronext Dublin and the London Stock Exchange. The shares were purchased through Goodbody Stockbrokers UC, acting as the company's broker.

The company detailed this acquisition, noting it purchased 70,000 shares on Euronext Dublin and 30,000 shares on the London Stock Exchange. The highest price paid per share was €1.8500 and £1.5720, with the lowest prices being €1.8120 and £1.5440, respectively. The volume-weighted average prices stood at €1.8343 and £1.5600.

This buyback is part of a broader share repurchase program announced by Cairn Homes on July 3, 2024. Following the settlement and cancellation of these shares, the total number of outstanding ordinary shares will be reduced to 639,612,999. It is noteworthy that the company holds no ordinary shares in treasury.