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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cairn Homes Plc | LSE:CRN | London | Ordinary Share | IE00BWY4ZF18 | ORD EUR0.001 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 135.60 | 136.20 | 136.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Management Services | 666.81M | 85.43M | 0.1319 | 10.33 | 882.12M |
TIDMCRN
RNS Number : 9207X
Cairn Homes plc
02 May 2019
Cairn Homes plc Announces High Court Approval of Capital Reduction
2 May 2019: Cairn Homes plc ("Cairn", or the "Company") (Euronext Dublin/LSE: CRN), the leading Irish homebuilding company, today announces that further to resolutions passed by shareholders at an Extraordinary General Meeting of the Company on 26 February 2019, the Irish High Court has approved the Company's application to confirm a special resolution to reduce the amount standing credited to the Company's share premium account by EUR550,000,000 such that the reserve resulting from the reduction shall be treated as profits available for distribution within the meaning of section 117 of the Companies Act 2014.
The Order of the Court has been registered with the Registrar of Companies in Ireland and accordingly, the capital reduction has now become effective.
-ENDS-
For further information, contact:
Cairn Homes plc
+353 1 696 4600
Michael Stanley
Tim Kenny
Drury Communications
+353 1 260 5000
Billy Murphy
Morwenna Rice
Louise Walsh
Finsbury +44 207 251 3801
Gordon Simpson
Charles O'Brien
Notes to Editors
Cairn Homes plc ("Cairn") is the leading Irish homebuilder committed to building high-quality, competitively-priced, sustainable new homes in great locations. Cairn operates a defined and established business model which brings together the best town planners, architects, subcontractors and designers in collaboration with our own experienced team. 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. 15,100 unit land bank across 32 residential development sites, 90% of which are located in the GDA with excellent public transport and infrastructure links. Cairn is today building on 14 sites in the GDA, which will deliver 5,000 new homes.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 02, 2019 08:10 ET (12:10 GMT)
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