Result of Secondary Placing
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06-Sep-2024 / 07:00 GMT/BST
Cairn Homes plc
Result of Secondary Placing
Cairn Homes plc ("Cairn Homes" or the "Company") has been notified today by Michael Stanley that, further to the announcement on 5 September 2024 regarding a proposal by Michael Stanley to sell up to 8.0 million shares in Cairn Homes, he has sold 8.0 million shares at a price of €1.84 per share (the "Placing").
The Placing was conducted via an accelerated bookbuild through Goodbody Stockbrokers UC ("Goodbody").
The Placing is expected to settle on a T+2 basis, on Tuesday, 10 September 2024. The Company is not party to the Placing and will not receive any proceeds from the Placing.
Following the Placing, Michael Stanley will hold approximately 2.3 per cent. of the issued share capital in the Company.
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