REG-Cairn Homes Plc Cairn Homes Plc: Result of Secondary Placing

Cairn HomesAnnouncement

Yesterday 07:02

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   Cairn Homes Plc (CRN)
   Cairn Homes Plc: Result of Secondary Placing

   20-March-2026 / 07:00 GMT/BST

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   NOT FOR PUBLICATION, RELEASE OR  DISTRIBUTION, DIRECTLY OR INDIRECTLY,  IN
   WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,  JAPAN,
   THE REPUBLIC OF SOUTH AFRICA OR  ANY OTHER JURISDICTION IN WHICH IT  WOULD
   BE UNLAWFUL TO DO SO. PLEASE SEE  THE IMPORTANT NOTICE AT THE END OF  THIS
   ANNOUNCEMENT.

    

   20 March 2026

                                        

                                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  19 March  2026
   regarding a proposal by Michael Stanley  to sell up to 3.5 million  shares
   in Cairn Homes, he  has sold 3.5  million shares at a  price of €2.20  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, 24  March
   2026. 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 1.8  per
   cent. of the issued share capital in the Company.

    

   For further information contact:

   Cairn Homes plc

   Michael Stanley, Chief Executive Officer

   Richard Ball, Chief Financial Officer
                                             +353 1 696 4600
   Ailbhe Molloy, Head of Investor Relations

    

    
   Goodbody

   Stephen Kane

   Jason Molins
                                             +353 1 667 0420
   Cameron Duncan

   William Hall

    
   Drury Communications

   Gavin McLoughlin
                                             +353 1 260 5000
   Billy Murphy

   Conor Mulligan

    

    

    

    

   IMPORTANT INFORMATION ON THE PLACING FOR INVITED PLACEES ONLY

    

   MEMBERS OF  THE  GENERAL PUBLIC  ARE  NOT ELIGIBLE  TO  TAKE PART  IN  THE
   PLACING. THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES
   ARE ONLY ADDRESSED TO  AND DIRECTED AT (A)  IN THE EUROPEAN ECONOMIC  AREA
   ("EEA"), PERSONS  WHO  ARE "QUALIFIED  INVESTORS"  WITHIN THE  MEANING  OF
   ARTICLE 2(E) OF PROSPECTUS REGULATION (REGULATION (EU) 2017/1129); AND (B)
   IN THE UNITED KINGDOM, "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE
   2(E) OF THE PROSPECTUS REGULATION (REGULATION (EU) 2017/1129) AS IT  FORMS
   PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
   WHO ARE  ALSO  (I)  PERSONS  HAVING  PROFESSIONAL  EXPERIENCE  IN  MATTERS
   RELATING TO  INVESTMENTS WHO  FALL WITHIN  THE DEFINITION  OF  "INVESTMENT
   PROFESSIONALS" IN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS  ACT
   2000 (FINANCIAL PROMOTION) ORDER 2005  (THE "ORDER"); (II) HIGH NET  WORTH
   BODIES  CORPORATE,  UNINCORPORATED   ASSOCIATIONS  AND  PARTNERSHIPS   AND
   TRUSTEES OF HIGH VALUE TRUSTS AS DESCRIBED IN ARTICLE 49(2) OF THE  ORDER;
   OR (III) PERSONS TO  WHOM IT MAY OTHERWISE  LAWFULLY BE COMMUNICATED  (ALL
   SUCH PERSONS  TOGETHER  BEING  REFERRED TO  AS  "RELEVANT  PERSONS").  THE
   INFORMATION REGARDING THE PLACING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE
   ACTED ON  OR  RELIED ON  BY  PERSONS WHO  ARE  NOT RELEVANT  PERSONS.  ANY
   INVESTMENT OR INVESTMENT  ACTIVITY TO WHICH  THIS ANNOUNCEMENT RELATES  IS
   AVAILABLE ONLY  TO RELEVANT  PERSONS  AND WILL  BE  ENGAGED IN  ONLY  WITH
   RELEVANT PERSONS.

    

   This announcement and the information contained herein is for  information
   purposes only and  does not constitute  or form  part of any  offer or  an
   invitation to  acquire or  dispose  of securities  in the  United  States,
   Canada, Australia, Japan or South Africa  or in any other jurisdiction  in
   which such an offer or solicitation is unlawful.

    

   The Placing Shares have not been, and will not be, registered under the US
   Securities Act of 1933, as amended (the "US Securities Act"), or under the
   securities laws of any state or  other jurisdiction of the United  States,
   and, absent registration, may not be offered or sold in the United  States
   except pursuant to an exemption from the registration requirements of  the
   US Securities Act and the securities  laws of any relevant state or  other
   jurisdiction of the United States. There will be no public offering of the
   Placing Shares in the United States or elsewhere.

    

   No prospectus  or  offering document  has  been  or will  be  prepared  in
   connection with the Placing. Any investment decision to buy securities  in
   the Placing  must  be made  solely  on  the basis  of  publicly  available
   information. Such information  is not  the responsibility of  and has  not
   been independently verified by Michael Stanley or Goodbody or any of their
   respective affiliates.

    

   Neither this announcement nor any copy of it may be taken, transmitted  or
   distributed, directly or indirectly, in or into or from the United  States
   (including its territories and possessions, any state of the United States
   and the District of Columbia),  Canada, Australia, South Africa or  Japan.
   Any failure to comply with this restriction may constitute a violation  of
   United States, Canadian, Australian, South African or Japanese  securities
   laws.

    

   The distribution of  this announcement  and the  offering or  sale of  the
   Placing Shares  in certain  jurisdictions  may be  restricted by  law.  No
   action has  been taken  by Michael  Stanley or  Goodbody or  any of  their
   respective affiliates that would, or which is intended to, permit a public
   offer  of  the  Placing  Shares  in  any  jurisdiction  or  possession  or
   distribution of  this  announcement or  any  other offering  or  publicity
   material relating to the Placing  Shares in any jurisdiction where  action
   for  that  purpose  is  required.  Persons  into  whose  possession   this
   announcement comes are required by Michael Stanley and Goodbody to  inform
   themselves about and to observe any applicable restrictions.

    

   No representation or warranty  express or implied is,  or will be made  as
   to, or in relation to,  and no responsibility or  liability is or will  be
   accepted by Goodbody or  by any of  its affiliates or agents  as to or  in
   relation to,  the accuracy  or completeness  of this  announcement or  any
   other written or oral information made available to or publicly  available
   to any interested party  or its advisers, and  any liability therefore  is
   expressly disclaimed.

    

   Goodbody is acting exclusively for Michael Stanley in connection with  the
   Placing and no-one else. Goodbody will not regard any other person as  its
   respective clients  and  will not  be  responsible to  anyone  other  than
   Michael Stanley for providing the  protections afforded to its  respective
   clients, nor will they be responsible for providing advice in relation  to
   the contents of this announcement or any transaction, arrangement or other
   matter referred to herein.

    

   Goodbody and  any of  its affiliates  acting as  an investor  for its  own
   account may participate in the placing on a proprietary basis and in  that
   capacity, may  retain,  purchase  or  sell for  their  own  accounts  such
   securities referred  to  herein.  In addition,  Goodbody  may  enter  into
   financing arrangements and swaps with  investors in connection with  which
   they may from time  to time acquire, hold  or dispose of shares.  Goodbody
   does not  intend  to  disclose  the  extent  of  any  such  investment  or
   transactions otherwise than  in accordance  with any  legal or  regulatory
   obligation to do so.

    

   Goodbody Stockbrokers UC, trading as Goodbody, is regulated by the Central
   Bank of  Ireland.  In  the  United Kingdom,  Goodbody  is  authorised  and
   regulated by the Financial Conduct Authority.

    

   Forward-looking statements and projections

    

   Some statements in this  announcement are forward-looking. They  represent
   our expectations for our business and involve risks and uncertainties.  We
   have based these  forward-looking statements on  our current  expectations
   and projections about future events. We believe that our expectations  and
   assumptions  with  respect   to  these   forward-looking  statements   are
   reasonable.  However,  because  they  involve  known  and  unknown  risks,
   uncertainties and  other  factors, which  are  in some  cases  beyond  our
   control, our  actual results  or performance  may differ  materially  from
   those expressed  or  implied  by such  forward-looking  statements.  These
   forward-looking statements speak only as of the date of this document  and
   no obligation is undertaken, save as required by law, by the Listing Rules
   of Euronext  Dublin or  by  the listing  rules  of the  Financial  Conduct
   Authority, to reflect new information, future events or otherwise.

    

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   Dissemination of a Regulatory Announcement, transmitted by  1 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  2 EQS News

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   ISIN:          IE00BWY4ZF18
   Category Code: MSCL
   TIDM:          CRN
   LEI Code:      635400DPX6WP2KKDOA83
   Sequence No.:  421608
   EQS News ID:   2294842


    
   End of Announcement EQS News Service

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