Issue of Equity for Share Scheme Vesting

RNS Number : 5567B

Cairn Homes plc

08 October 2020

 

Cairn Homes plc

("Cairn" or the "Company")

Issue of Equity for Vesting of Restricted Share Units under the Cairn Homes plc Restricted Share Unit Plan

8 October 2020: Cairn Homes plc, the leading Irish homebuilding company announces that on 9 September 2020 the Company approved the allotment of 116,066 new ordinary shares of €0.001 each in the Company (the "Ordinary Shares") pursuant to the vesting of restricted share units by a number of employees under the Cairn Homes plc Restricted Share Unit Plan.

Application has been made for the new Ordinary Shares to be admitted to trading on the Official List of Euronext Dublin and to the Official List of the UK Listing Authority and it is expected that admission will take place on 12 October 2020. The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 749,450,129 ordinary shares.

 For further information, contact:

Cairn Homes plc [phone]

Tara Grimley, Company Secretary

Notes to Editors 

Cairn is the leading Irish homebuilder committed to building high-quality, competitively priced, sustainable new homes in great locations. At Cairn, the homeowner is at the very centre of the design process and we strive to provide an unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is thoughtfully designed and built to last with a focus on creating shared spaces and environments where communities prosper. Cairn owns a c. 17,000 unit land bank across 35 residential development sites, over 90% of which are located in the Greater Dublin Area ("GDA") with excellent public transport and infrastructure links.

 

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