Last checked at 1 Feb 2019 16:01
1 February 2019
Cairn Homes plc
Notice of Extraordinary General Meeting & Publication of Circular
Dublin/London, 1 February 2019: Cairn Homes plc (the "Company") (Euronext Dublin/LSE: CRN), the leading Irish homebuilding company, announces that it has today issued a circular to shareholders (the "Circular") containing a notice of an extraordinary general meeting to be held at 11.00 a.m. on 26 February 2019 at the Marker Hotel, Grand Canal Square, Docklands, Dublin 2, D02 CK38, Ireland (the "EGM").
The purpose of the EGM is to approve, subject to confirmation by the High Court, an increase of the distributable reserves of the Company by the transfer of an amount of up to €550 million from the Company's undistributable reserves (namely the share premium account) to the distributable reserves of the Company by means of a cancellation under the Companies Act 2014 of a corresponding amount of the share premium account.
The Circular and the form of proxy will be available for inspection in electronic form at www.morningstar.co.uk/uk/NSM and on the Company's website at www.cairnhomes.com.
-ENDS-
For more information, please contact:
Cairn Homes plc +353 1 696 4600
Michael Stanley
Tim Kenny
Drury Porter Novelli +353 1 260 5000Billy Murphy
Morwenna Rice
Louise Walsh
Finsbury +44 207 251 3801Gordon Simpson
Charles O'Brien
Notes to Editors
Cairn Homes plc is the leading 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 33 residential development sites with capacity for over 14,500 new homes, over 90% of which are located in the Greater Dublin Area ("GDA") with excellent public transport and infrastructure links. Cairn is today building on 13 sites in the GDA, which will deliver over 4,750 new homes.