Cairn Homes plc has initiated a share buyback program valued at up to €50 million, allowing the repurchase of as many as 94,350,379 ordinary shares over a 12-month period ending September 1, 2027.
The program, authorized by shareholders at the company’s April 30, 2026 annual general meeting, aims to reduce share capital with repurchased shares set for cancellation. Trading will occur on Euronext Dublin and the London Stock Exchange, with execution managed independently by Goodbody Stockbrokers UC and Deutsche Bank under pre-set parameters.
The buyback will comply with EU Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052, alongside the listing rules of both exchanges. The company may also supplement the program with block trades, with the maximum repurchase amount adjusted downward by any capital returned through such transactions.
Details of each repurchase will be disclosed to a Regulatory Information Service in accordance with regulatory requirements. The program commenced on September 2, 2026, and is subject to market conditions and capital requirements.
