Last checked at 17 Aug 2017 15:54
17 August 2017
Cairn Homes plc
Admission of Shares to Trading
Dublin/London, 17 August 2017: On 21 July 2017, Cairn Homes plc (ISE:CRN, LSE:CRN) ("Cairn ", or the "Company"), the Irish homebuilding company, announced that Founder Share Value in relation to the second Test Period would be paid by way of conversion of Founder Shares into 38,685,292 Ordinary Shares of €0.001 each ("New Ordinary Shares").
Application has been made for 38,685,292 New Ordinary Shares to be admitted to (i) listing on the Official List of the Irish Stock Exchange and to the standard listing segment of the Official List of the Financial Conduct Authority; and (ii) trading on the Irish Stock Exchange's Main Securities Market and the London Stock Exchange's main market for listed securities. Admission is expected to become effective at 8.00 a.m. on Friday 18 August 2017.
The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Further information regarding the Founder Shares is contained in the Company's financial statements, which are available on the Company's website www.cairnhomes.com.
Total Voting Rights
In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulation 2007, Cairn announces that the Company's issued share capital consists of 761,672,549 Ordinary Shares with voting rights following the issue of the New Ordinary Shares. The Company holds no Ordinary Shares in treasury.
Therefore, on admission the total number of voting rights in the Company will be 761,672,549. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the Transparency (Directive 2004/109/EC) Regulations 2007 and the Transparency Rules.
-ENDS-
For more information, please contact:
Cairn Homes plc +353 1 696 4600
Michael Stanley
Eamonn O'Kennedy
Powerscourt +44 20 7250 1446
Justin Griffiths
Jack Hickey
Drury Communications +353 1 260 5000
Billy Murphy
Morwenna Rice
Notes to Editors
Cairn Homes plc is an Irish homebuilder committed to building high-quality sustainable homes in excellent locations and providing unparalleled customer service at each stage of the home-buying journey. Cairn's highly experienced management team has a clear vision of delivering innovative and thoughtfully designed homes which meet market demand and enhance communities by placing home owners at the very centre of the design process. The Company owns 32 residential development sites with capacity for over 12,600 new homes, over 91% of which are located in the Greater Dublin Area (GDA) with excellent public transport and infrastructure links. Cairn is today building on eight sites in the GDA, which will deliver over 3,250 units.