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Cairn Homes PLC - Dublin-based housebuilder - Commences EUR35 million extension to ongoing share buyback, increasing the programme's total size to EUR75 million. Company has already returned approximately EUR40 million to shareholders between March 3 and Tuesday, repurchasing 36.7 million shares at an average price of EUR1.09. Says buyback programme may continue until June 30 subject to its ongoing capital requirements, customary termination provisions and to market conditions. Can repurchase a maximum of 76.7 million shares under the programme.
Current stock price: 109.00 pence, up 1.7% in London on Wednesday morning
12-month change: up 42%
By Emma Curzon, Alliance News reporter
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