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

Cairn Homes Plc, on 8 April 2024, executed a significant transaction involving the repurchase of 90,000 of its own ordinary shares. This operation was conducted across two key trading platforms, with 50,000 shares bought back on Euronext Dublin and the remaining 40,000 on the London Stock Exchange. The transaction was facilitated by the company’s broker, Numis Securities Ltd.

The shares repurchased during this operation are slated for cancellation, reducing the total number of outstanding shares in the company. Following this transaction, Cairn Homes Plc announced its revised total of ordinary shares in issue as 649,040,814, each entitled to one vote, and confirmed holding no ordinary shares in treasury.

The share buyback initiative is part of a larger programme announced previously by the company on 3 March 2023, aimed at enhancing shareholder value. The executed prices for these shares ranged between €1.588 and €1.618 on Euronext Dublin, and between £1.368 and £1.386 on the London Stock Exchange, showcasing the company’s commitment to its share buyback plan despite the fluctuating market prices.