Admission of Shares to Trading

RNS Number : 1158H

Cairn Homes plc

15 August 2016

 

      Admission of Shares to Trading

15 August 2016

On 19 July 2016, Cairn Homes plc ("Cairn Homes", or the "Company") announced that Founder Share Value in relation to the first Test Period would be paid by way of conversion of Founder Shares into 15,021,937 Ordinary Shares of €0.001 each ("New Ordinary Shares").

Application has been made by the Company to the Financial Conduct Authority and the London Stock Exchange for a total of 15,021,937 New Ordinary Shares to be admitted to the Official List maintained by the UK Listing Authority and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on its Main Market for listed securities, with dealings in the New Ordinary Shares expected to commence at 8.00 a.m. on Tuesday 16 August 2016. The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Further information regarding the Founder Shares are contained in the Company's prospectus dated 10 June 2015 and the Company's financial statements, both of 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 Homes announces that the Company's issued share capital consists of 689,274,623 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 689,274,623. 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                                                                                              [phone]

Michael Stanley

Eamonn O'Kennedy

Hume Brophy                                                                                                   [phone]

Maria Cryan

Edel Bach  

Notes to Editors

Cairn Homes is a well-capitalised Irish homebuilder, with an experienced management team, who are clearly focused on being a significant contributor in the delivery of much needed new homes in Ireland. The Company constructs high quality new houses and apartments with an emphasis on design, innovation and customer service. Cairn acquires greenfield and brownfield sites in Ireland that are suitable for residential development, with an emphasis on Dublin and the Dublin commuter belt, as well as in other major urban centres. www.cairnhomes.com  

 

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