Cairn Homes (GB:CRN) has released an update.
Cairn Homes plc has launched a new share buyback program, committing to repurchase up to €45 million worth of shares, including €40 million for the new program and €5 million from the previous year’s program. The buyback initiative began on July 3, 2024, with the potential to continue until June 30, 2025, depending on shareholder approval and market conditions. The repurchased shares are intended to be cancelled as part of the company’s strategy to reduce its share capital.
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