Dublin-based Cairn Homes plc announced a share buyback programme valued at up to €50 million, with repurchases to occur on Euronext Dublin and the London Stock Exchange.
The programme, which began on the announcement date, may continue until September 1, 2027, subject to market conditions and the company’s capital requirements. Repurchases will be conducted by Goodbody Stockbrokers UC and Deutsche Bank AG under pre-set parameters, in compliance with EU Market Abuse Regulation and Euronext Dublin and LSE rules.
The company initially plans to repurchase up to 94,350,379 ordinary shares, with the maximum number subject to change based on shareholder authority at future annual or extraordinary general meetings. Any repurchased shares will be cancelled, reducing the company’s share capital.
The programme may also include block trades, with the maximum consideration adjusted accordingly. Details of repurchased shares will be disclosed via a Regulatory Information Service following each transaction.
