Admission to the Irish Stock Exchange

RNS Number : 0517M

Cairn Homes plc

26 July 2017

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, SWITZERLAND OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

This announcement is not an offer of securities for sale in any jurisdiction. This announcement is not a prospectus (or prospectus equivalent document) or an advertisement. Investors should not subscribe for or purchase any shares in the Company based on this announcement or the Summary Document published by Cairn Homes plc on 21 July 2017. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for information purposes only and should not be construed as an offer of securities for sale in any jurisdiction.

Cairn Homes plc

Admission to the ISE Official List and to trading on the main securities market

of the Irish Stock Exchange

26 July 2017

Further to the announcement on 20 July 2017, Cairn Homes plc ("Cairn" or the "Company") is pleased to announce that its entire issued ordinary share capital consisting of 722,987,257 ordinary shares (the "Ordinary Shares") has today been admitted to the Official List of the Irish Stock Exchange (the "ISE Official List") and to trading on the main market for listed securities of the Irish Stock Exchange (together "Admission").

Unconditional dealings in the Ordinary Shares commenced on the Irish Stock Exchange today at 8.00 a.m. The Company's ticker on the Irish Stock Exchange is 'CRN' and the Company's ticker on the London Stock Exchange will remain as 'CRN', both with an ISIN of IE00BWY4ZF18.

The Company is not raising any funds or issuing any new shares in connection with Admission. No shares will be offered or marketed to the public in Ireland, the UK or elsewhere in connection with Admission.

The Summary Document is not a prospectus and has not been approved by the Central Bank of Ireland or any other regulatory authority. Copies of the Summary Document are available on the Company's website (www.cairnhomes.com) and will also be available, on request, in printed form at the Company's registered office, 7 Grand Canal, Grand Canal Street Lower, Dublin 2, D02 KW81, Ireland.

Cairn Homes plc Michael Stanley Eamonn O'Kennedy	[phone]
Goodbody Linda Hickey Stephen Kane Gerald Barry	[phone]
Powerscourt Justin Griffiths Nick Dibden	[phone]
Drury Communications Billy Murphy Morwenna Rice	[phone]

Notes to Editors

About the Company

Cairn Homes plc is an Irish homebuilder with a highly experienced management team.  The Company is committed to constructing high quality new homes with an emphasis on design and innovation in attractive locations to meet sustainable market demand. Cairn has a land bank of 12,600 units, over 91% of which is located in the Greater Dublin Area ("GDA"). Currently, Cairn is active on eight sites in the GDA, which will deliver 3,250 units.

General

Goodbody Stockbrokers UC, trading as Goodbody, ("Goodbody") is acting as sponsor, under the Irish Stock Exchange Listing Rules, to the Company in connection with Admission. Goodbody is regulated by the Central Bank of Ireland. In the UK, Goodbody is authorised and subject to limited regulation by the Financial Conduct Authority. Goodbody is acting exclusively for the Company and for no-one else in connection with Admission and will not be responsible to any person other than the Company for providing the protections afforded to its clients or for providing advice to any other person in relation to Admission or any other matter referred to in this announcement.

 

END

 

 

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