Result of Secondary Placing

Cairn Homes Plc (CRN) Cairn Homes Plc: Result of Secondary Placing 06-Sep-2024 / 07:00 GMT/BST NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

6 September 2024

 

Cairn Homes plc

 

Result of Secondary Placing

 

Cairn Homes plc ("Cairn Homes" or the "Company") has been notified today by Michael Stanley that, further to the announcement on 5 September 2024 regarding a proposal by Michael Stanley to sell up to 8.0 million shares in Cairn Homes, he has sold 8.0 million shares at a price of €1.84 per share (the "Placing").

 

The Placing was conducted via an accelerated bookbuild through Goodbody Stockbrokers UC ("Goodbody").

 

The Placing is expected to settle on a T+2 basis, on Tuesday, 10 September 2024. The Company is not party to the Placing and will not receive any proceeds from the Placing.

 

Following the Placing, Michael Stanley will hold approximately 2.3 per cent. of the issued share capital in the Company.

 

For further information contact:

Cairn Homes plc Michael Stanley, Chief Executive Officer Richard Ball, Chief Financial Officer Stephen Kane, Director of Corporate Finance & Investor Relations

[phone]