Cairn Homes Plc Announces Recent Share Buyback Transactions

Cairn Homes Plc confirmed these details of their latest share buyback. On April 16, 2024, the company repurchased 100,000 of its own ordinary shares. The transactions were carried out on Euronext Dublin and the London Stock Exchange. The shares bought will be subsequently cancelled, adhering to prior announcements regarding the company’s ongoing share buyback programme initiated on March 3, 2023.

The company detailed that 60,000 shares were acquired through Euronext Dublin and 40,000 through the London Stock Exchange. The shares were purchased at varying prices with the highest at €1.6380 and £1.3960 respectively. This activity is a continuation of their strategy to reduce the total number of shares in circulation, thus potentially increasing the value of remaining shares.

Post transaction and cancellation, Cairn Homes Plc's total shares in issue will stand at 648,443,920. It was also mentioned that no shares are held in treasury, ensuring clarity in the total shares count and voting rights. Further details regarding individual transactions made under this buyback can be found in an appendix attached to their announcement.