Cairn Homes Concludes €45 Million Share Buyback

Cairn Homes Plc has announced the completion of its €45 million share buyback program, which began on July 3, 2024. The repurchase involved 22,574,301 ordinary shares, representing 3.5% of the company's issued share capital at the start of the program. The shares were bought back at an average price of €1.99 on Euronext Dublin and the London Stock Exchange.

The buyback reflects Cairn Homes’ strategy to manage its capital structure effectively. This program underscores the company’s focus on enhancing shareholder value while maintaining a robust financial position.

Cairn Homes, an Irish homebuilder, is dedicated to constructing high-quality, competitively priced sustainable homes, mainly in the Greater Dublin Area. The company prides itself on a customer-centric approach, and its developments emphasize community and shared spaces.