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

Cairn Homes Plc disclosed its recent transaction involving the buyback of 100,000 of its own ordinary shares on 5 April 2024. The shares, valued at EUR 0.001 each, were purchased across Euronext Dublin and the London Stock Exchange. This action is part of the company's share buyback programme announced on 3 March 2023, aimed at reducing the total number of shares in issue.

The breakdown of the transaction shows that 60,000 shares were bought on Euronext Dublin while 40,000 shares were acquired on the London Stock Exchange. Prices varied with the highest price paid being €1.606 and £1.376 on Euronext Dublin and the London Stock Exchange, respectively. The lowest prices were €1.586 and £1.350. Following the cancellation of these repurchased shares, Cairn Homes Plc’s total number of ordinary shares in issue will be 649,130,814, each eligible for one vote.

The company has confirmed that these shares will be cancelled as part of the buyback plan, which is meticulously executed through the company’s broker, Numis Securities Ltd. This strategic move aligns with the company's effort to manage its capital efficiently and create value for its shareholders.