The Irish housebuilder will seek admission of its entire issued ordinary share capital to the official list and is set to publish a summary document in connection with the admission.

Following the publication of the document, Cairn Homes expects that admission will become effective and the unconditional dealings in the ordinary shares on the main market to commence on 26th July 2017. 

Cairn Homes will not be raising any funds or issuing any new shares in connection with the admission and no shares will be offered or marketed to the public in Ireland, the UK or elsewhere in connection with the admission.

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The housebuilder stated that the ordinary shares are, and will remain, traded on the London Stock Exchange’s main market.

The summary document has not been approved by the Central Bank of Ireland or any other regulatory authority. 

The announcement comes after Cairn Homes revealed that it would be targeting acquisitions after a share sale. 

The housebuilder first revealed plans for a listing earlier this year after posting a 1,005% surge in revenues during 2016.