Proposed Secondary Placing

Cairn Homes plc announced a proposed secondary placing where CEO Michael Stanley intends to sell up to 3.5 million shares, representing approximately 0.6% of the company's issued share capital. Following this sale, Mr. Stanley's stake will decrease from 2.4% to an estimated 1.8%, and he has agreed to a six-month lock-up period on his remaining shares. The placing will be conducted via an accelerated bookbuild process, with the final number of shares and price to be determined at the close of the process.