Cairn Homes Plc Announces Share Buyback on Euronext Dublin and London Stock Exchange

Cairn Homes Plc disclosed a recent transaction involving the repurchase of its own shares on April 4, 2024. The operation saw a total of 84,257 ordinary shares bought back on both Euronext Dublin and the London Stock Exchange. This move is part of the company’s share buyback program that was previously announced on March 3, 2023. The shares acquired during this transaction are set for cancellation.

The breakdown of the repurchase shows that 58,618 shares were bought on Euronext Dublin, with the price per share ranging between €1.580 and €1.592. On the London Stock Exchange, 25,639 shares were repurchased, with prices fluctuating between £1.356 and £1.370. These activities contributed to the volume weighted average price of €1.586408 and £1.359881 per share respectively on each trading venue.

Following the settlement and cancellation of the repurchased shares, Cairn Homes Plc’s total number of ordinary shares in issue will be reduced to 644,413,292. The company has confirmed it holds no ordinary shares in treasury post-transaction. Cairn Homes has emphasized compliance with the Market Abuse Regulation, particularly Article 5(1)(b), ensuring a transparent breakdown of the share buyback transactions through its broker, Numis Securities Ltd.