Cairn Homes plc Notice of EGM & Publication of Circular (6824Y)

TIDMCRN

RNS Number : 6824Y

Cairn Homes plc

11 September 2020

Cairn Homes plc

Notice of EGM & Publication of Circular

Dublin / London, 11 September 2020: Cairn Homes plc ("Cairn", the "Company"), the leading Irish homebuilding company, today announces that it has issued a circular to shareholders (the "Circular") containing a notice of an extraordinary general meeting to be held at 11:00 a.m. on 12 October 2020 at 7 Grand Canal, Grand Canal Street Lower, Dublin 2, D02 KW81 (the "EGM").

Cairn announced on 10 September that it has entered into a conditional agreement to acquire the former Esmonde Motors Garage premises and adjoining land located at Stillorgan Road and the Hill, Stillorgan, Co. Dublin (the "Stillorgan Site") from The Emerald Fund ICAV for an overall cash consideration of EUR14,000,000 (excluding VAT) (the "Transaction"). The Circular sets out further details of the proposed terms of the Transaction and explains why the Board (other than Alan McIntosh, who as a related party recused himself from any such considerations) believes the Transaction to be in the best interests of the Company's shareholders as a whole and recommends that the shareholders vote in favour of the resolution to be proposed to approve the Transaction at the EGM on 12 October 2020.

The Circular and the form of proxy will be available in electronic form on the Company's website http://www.cairnhomes.com and for inspection in physical form between the hours of 9:30 a.m. and 5:30 p.m. on any business day from the date of this Circular until the EGM, at the offices of the Company at 7 Grand Canal, Grand Canal Street Lower, Dublin 2, D02 KW81.

-ENDS-

For further information, contact:

Cairn Homes plc [phone]

Michael Stanley, Co-Founder and Chief Executive Officer

Shane Doherty, Chief Financial Officer

Declan Murray, Head of Investor Relations

Tara Grimley, Company Secretary

Drury Communications [phone]

Billy Murphy

Louise Walsh

Finsbury [phone]

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. 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. 17,000 unit land bank across 35 residential development sites, over 90% of which are located in the Greater Dublin Area ("GDA") with excellent public transport and infrastructure links. Cairn is today building on 15 sites in the GDA, which will deliver over 6,750 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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NOGFFFFFALIILII

(END) Dow Jones Newswires

September 11, 2020 02:00 ET (06:00 GMT)