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DUBLIN - Cairn Homes Plc has announced the approval of the issuance of 5,329,015 new ordinary shares as part of its Long Term Incentive Plan. The new shares, each with a nominal value of €0.001, will be allotted to a number of employees upon vesting of share awards.
The company expects the new shares to be admitted to trading on Euronext (EPA:ENX) Dublin and the UK Listing Authority on Tuesday, with the shares ranking equally with the existing shares. This issuance will bring Cairn Homes’ total issued share capital to 625,576,122 ordinary shares.
Cairn Homes, an Irish homebuilder, is known for its commitment to building sustainable new homes in prime locations, with a landbank of approximately 16,150 units, primarily situated in the Greater Dublin Area. The company emphasizes customer service and community-focused design in its development projects.
The information provided in this article is based on a press release statement from Cairn Homes Plc.
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