Cairn Homes Plc Announces Share Buyback Transaction Details

Cairn Homes Plc, on March 21, 2024, reported the acquisition of 100,000 of its own ordinary shares. The purchase took place on both Euronext Dublin and the London Stock Exchange via the company's broker, Numis Securities Ltd. This move is part of the share buyback program initially publicized on March 3, 2023. Cairn Homes bought 60,000 shares on Euronext Dublin and 40,000 shares on the London Stock Exchange, aiming to cancel these repurchased shares.

The highest price paid for shares on Euronext Dublin was €1.634, and on the London Stock Exchange, it was £1.400. Meanwhile, the lowest price on Euronext Dublin was €1.616, and on the London Stock Exchange, it was £1.368. This transaction reduces the total number of Cairn Homes’ shares in issue to 645,197,549, all carrying voting rights, with no shares held in treasury.

This strategic initiative reflects the company’s ongoing efforts to manage its capital efficiently and enhance shareholder value. Following the completion of this transaction, comprehensive details of the individual trades executed by Numis Securities Ltd were disclosed, adhering to market regulations.