on Cairn Homes Plc (isin : IE00BWY4ZF18)
Cairn Homes Plc: €45 Million Share Buyback Programme
Cairn Homes plc, listed on Euronext Dublin and the London Stock Exchange, announced the commencement of a share buyback programme worth up to €45 million. The initiative follows the release of its H1 2024 Trading Update.
The company has engaged Goodbody Stockbrokers UC and Numis Securities Limited to execute the buyback. This €45 million encompasses €40 million for a new programme and €5 million from the previous FY23 buyback programme.
The programme runs from 3 July 2024 and may continue until 30 June 2025, subject to market conditions and the company's capital requirements. Initially, up to 92,368,866 ordinary shares may be repurchased, a number that could increase post-AGM approvals in 2025.
Shares repurchased will be cancelled to reduce the company's share capital. Trading decisions will be made independently of the company under pre-set parameters, complying with EU and UK market regulations.
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