Cairn Homes Plc Announces Share Buyback Transactions

Cairn Homes Plc (CRN) has recently announced a transaction involving the buyback of its own shares. On the 15th of March, 2024, the company successfully purchased a total of 100,000 ordinary shares. These transactions occurred over two major trading venues, Euronext Dublin and the London Stock Exchange, coordinated through Numis Securities Ltd.

Details from the transaction reveal that Cairn Homes repurchased 60,000 shares on Euronext Dublin at prices ranging between €1.536 and €1.550. Meanwhile, on the London Stock Exchange, 40,000 shares were bought back with prices fluctuating between £1.308 and £1.326. The company has confirmed that these repurchased shares will be cancelled, as part of its share buyback programme that was initially announced on 3 March 2023.

Following these transactions, the total number of ordinary shares in issue by Cairn Homes will adjust to 645,587,728, each with voting rights. The company also clarifies that it holds no ordinary shares in treasury. This move is in accordance with the Market Abuse Regulation, demonstrating Cairn Homes' effort to enhance shareholder value through strategic share buybacks.