Cairn Homes Plc Initiates €50 Million Share Buyback Programme

Cairn Homes Plc has announced a share buyback programme of up to €50 million, commencing on 2 September 2026. This initiative follows the release of Cairn's 2026 Interim Results. The company has collaborated with Goodbody Stockbrokers UC and Deutsche Bank AG to manage the repurchase of ordinary shares.

The programme will continue until 1 September 2027, depending on market conditions and business needs. Initially, 94,350,379 shares may be repurchased, following shareholder approval at the 2026 AGM. Further repurchases will be subject to approval at the 2027 AGM.

The aim is to reduce the company's share capital, with repurchased shares intended to be cancelled. Goodbody and Deutsche Bank will operate independently under specific parameters while executing these trades. Additionally, block trades may supplement the buyback.