Cairn Homes Plc: Commencement of €35m Extended Share Buyback Programme
Dublin / London, 6 December 2023: Further to its Interim Results announcement on 7 September 2023, Cairn Homes plc (“Cairn”, “the Company” or “the Group”) (Euronext Dublin: C5H / LSE: CRN) today announces the commencement of the €35 million extension to its ongoing share buyback programme increasing the total size of its share buyback programme to €75 million.
- Dublin / London, 6 December 2023: Further to its Interim Results announcement on 7 September 2023, Cairn Homes plc (“Cairn”, “the Company” or “the Group”) (Euronext Dublin: C5H / LSE: CRN) today announces the commencement of the €35 million extension to its ongoing share buyback programme increasing the total size of its share buyback programme to €75 million.
- The Company has extended its irrevocable, non-discretionary arrangements with Goodbody Stockbrokers UC (“Goodbody”) and Numis Securities Limited (“Numis”) to repurchase ordinary shares on the Company’s behalf up to a maximum consideration of €35 million (the “Share Buyback Programme”).
- The purpose of the Share Buyback Programme is to reduce the Company's share capital and it is intended that shares repurchased will be cancelled.
- Cairn Homes plc (“Cairn”) is an Irish homebuilder committed to building high-quality, competitively priced, sustainable new homes and communities in great locations.