Cairn Homes Plc Announces Equity Issuance for Long Term Incentive Plan

Cairn Homes Plc disclosed the approval of an equity issuance on April 4, 2024, involving the allocation of 4,817,522 new ordinary shares of €0.001 each. This issuance is in association with the vesting of share awards for several employees under the Cairn Homes Plc Long Term Incentive Plan. These new shares are slated for admission to trading on the Official List of Euronext Dublin and the UK Listing Authority's Official List on April 5, 2024.

The company stated that the new Ordinary Shares would have equal standing with the existing shares. Following this equity issuance, Cairn Homes Plc's total issued share capital will escalate to 649,315,071 ordinary shares. This move is part of the company's efforts to fulfill its commitments under the Long Term Incentive Plan designed for its employees.

Contact details provided for further information include Cairn Homes Plc’s office number and the name of the company secretary, Tara Grimley. This announcement signifies Cairn Homes Plc’s continuous commitment to its employees and stakeholders through strategic equity management.