Cairn Homes Plc Initiates Share Buyback

Cairn Homes Plc disclosed the purchase of 239,236 of its own ordinary shares on March 5, 2024. This action took place across Euronext Dublin and the London Stock Exchange with the assistance of the broker Numis Securities Ltd. The shares bought back will be cancelled as part of the company's efforts to manage its share capital effectively.

The transactions included 150,000 shares bought on Euronext Dublin and 89,236 shares on the London Stock Exchange. The highest price paid per share was €1.520 on Euronext Dublin and £1.290 in London, with the lowest prices being €1.452 and £1.256, respectively.

This buyback is a component of Cairn Homes’ share repurchase programme announced on March 3, 2023. Following these transactions, the total number of ordinary shares in issue stands at 647,122,306, each carrying one vote, and the company does not hold any ordinary shares in treasury. This move reflects the company's ongoing strategy to enhance shareholder value.