Cairn Homes plc Admission of Shares to Trading (3312O)
18 August 2017 - 12:54AM
UK Regulatory
TIDMCRN
RNS Number : 3312O
Cairn Homes plc
17 August 2017
17 August 2017
Cairn Homes plc
Admission of Shares to Trading
Dublin/London, 17 August 2017: On 21 July 2017, Cairn Homes plc
(ISE:CRN, LSE:CRN) ("Cairn ", or the "Company"), the Irish
homebuilding company, announced that Founder Share Value in
relation to the second Test Period would be paid by way of
conversion of Founder Shares into 38,685,292 Ordinary Shares of
EUR0.001 each ("New Ordinary Shares").
Application has been made for 38,685,292 New Ordinary Shares to
be admitted to (i) listing on the Official List of the Irish Stock
Exchange and to the standard listing segment of the Official List
of the Financial Conduct Authority; and (ii) trading on the Irish
Stock Exchange's Main Securities Market and the London Stock
Exchange's main market for listed securities. Admission is expected
to become effective at 8.00 a.m. on Friday 18 August 2017.
The New Ordinary Shares will rank pari passu in all respects
with the Company's existing ordinary shares.
Further information regarding the Founder Shares is contained in
the Company's financial statements, 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 announces that the Company's
issued share capital consists of 761,672,549 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 761,672,549. 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 +353 1 696 4600
Michael Stanley
Eamonn O'Kennedy
Powerscourt +44 20 7250 1446
Justin Griffiths
Jack Hickey
Drury Communications +353 1 260 5000
Billy Murphy
Morwenna Rice
Notes to Editors
Cairn Homes plc is an Irish homebuilder committed to building
high-quality sustainable homes in excellent locations and providing
unparalleled customer service at each stage of the home-buying
journey. Cairn's highly experienced management team has a clear
vision of delivering innovative and thoughtfully designed homes
which meet market demand and enhance communities by placing home
owners at the very centre of the design process. The Company owns
32 residential development sites with capacity for over 12,600 new
homes, over 91% of which are located in the Greater Dublin Area
(GDA) with excellent public transport and infrastructure links.
Cairn is today building on eight sites in the GDA, which will
deliver over 3,250 units.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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