Highlights:
Cairn Homes Plc repurchased 300,000 of its ordinary shares on 18 November 2024.
The shares were purchased across Euronext Dublin and the London Stock Exchange, with a volume-weighted average price of €2.12 and £1.77 per share, respectively.
The repurchased shares will be cancelled, reducing the total number of shares in circulation to 625,885,020.
Cairn Homes Plc (LSE:CRN) has announced the completion of a share buyback transaction, in line with its ongoing share repurchase program. On 18 November 2024, the company repurchased a total of 300,000 ordinary shares, consisting of 200,000 shares on Euronext Dublin and 100,000 shares on the London Stock Exchange. The repurchased shares are set to be cancelled, in accordance with the company’s previously disclosed share buyback plan.
The repurchases were executed through Cairn Homes' broker, Numis Securities Ltd (trading as Deutsche Numis). The shares were acquired at a volume-weighted average price of €2.12 per share on Euronext Dublin and £1.77 per share on the London Stock Exchange. The highest price paid for the shares on Euronext Dublin was €2.16, while the lowest price was €2.11. On the London Stock Exchange, the highest price paid was £1.80, and the lowest was £1.76.
Following the settlement and cancellation of these shares, the total number of ordinary shares in issue will stand at 625,885,020, each carrying one vote. Cairn Homes will hold no shares in treasury following the cancellation.
The repurchase forms part of the company’s ongoing share buyback programme, initially announced on 3 July 2024. The share buyback is aimed at enhancing shareholder value and optimising the company’s capital structure.
For further details, Cairn Homes can be contacted at +353 1 696 4600, with Tara Grimley serving as the company secretary.