Cairn Homes Plc Announces Change in Major Holdings

On March 5, 2024, Cairn Homes Plc issued a notification revealing a significant change in its holding structure. Known for its transparency, Cairn Homes stays compliant with regulatory obligations, updating stakeholders on major shareholding changes. This notification follows the Standard Form TR-1 requirement for declaring major holdings, which was submitted in accordance with both the Transparency (Directive 2004/109/EC) Regulations 2007 and the Central Bank of Ireland's Transparency Rules.

According to the document, the change was triggered by an acquisition or disposal of voting rights. Notably, Deirdre Doyle, via various controlled undertakings including Prime Developments Ltd and The Emerald Fund ICAV, now indirectly holds 6,743,507 voting rights in Cairn Homes, accounting for 1.04% of the company. Additionally, Alan McIntosh is recorded as the beneficial owner of 500,000 shares, directly holding a voting share below the 3% threshold.

This reconfiguration resulted in the combined voting rights falling below the previously crossed 3% threshold, positioning them at less than 3% with a precise figure seen on March 1, 2024. It reflects Cairn Homes Plc's ongoing shareholder dynamism and invites shareholders and investors to note these critical changes in its ownership structure.