Cairn Homes Plc Announces Recent Share Buyback Activity

Cairn Homes Plc disclosed its recent transaction involving the repurchase of 300,000 of its ordinary shares. The operation was executed on 29 February 2024 across two key exchanges, Euronext Dublin and the London Stock Exchange, via Numis Securities Ltd, Cairn Homes' brokerage firm. The action aligns with the company's share buyback programme unveiled on 3 March 2023.

The transactions saw 200,000 shares bought on Euronext Dublin and 100,000 on the London Stock Exchange. Prices varied, with the highest being €1.484 and £1.268 respectively, and the lowest at €1.448 and £1.240. Following these acquisitions, Cairn Homes Plc will cancel the repurchased shares, affecting the total number of shares in circulation.

Post-settlement, Cairn Homes' issued share capital will stand reduced to 647,961,542 ordinary shares, each entitled to one vote, with none held in treasury. This move is part of the ongoing efforts to enhance shareholder value. Detailed transaction information provides transparency in compliance with market regulations.