Cairn Homes (GB:CRN) has released an update.
Cairn Homes Plc has actively engaged in the repurchase of its shares, buying back 147,651 ordinary shares across Euronext Dublin and the London Stock Exchange, as part of its share buyback program initiated earlier this year. These transactions, executed through their broker Goodbody Stockbrokers UC, resulted in a reduction of the total number of shares in issue, thereby potentially increasing the value of remaining shares for investors. The repurchased shares are set to be cancelled, aligning with the company’s strategy to manage its share capital effectively.
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