Cairn Homes (CDI) (CRN)

Sector:

Household Goods

179.20p
   
  • Change Today:
      2.20p
  • 52 Week High: 186.80
  • 52 Week Low: 105.40
  • Currency: UK Pounds
  • Shares Issued: 626.82m
  • Volume: 518,804
  • Market Cap: £1,123.26m
  • RiskGrade: 208
  • Beta: 0.96

Cairn Homes CEO sells eight million shares

By Josh White

Date: Friday 06 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Cairn Homes announced on Friday that chief executive officer Michael Stanley had sold eight million of its shares through a secondary placing.
The London-listed firm said the sale, conducted via an accelerated bookbuild by Goodbody Stockbrokers, saw the shares sold at a price of €1.84 each.

Stanley proposed the share sale on Thursday, with the tranche representing 1.3% of Cairn Homes' issued share capital.

The settlement of the placing was expected to occur by 10 September.

As a result of the transaction, Stanley's ownership in the company decreased from 3.5% to about 2.3%.

Cairn Homes clarified that it was not involved in the placing, and would not receive any proceeds from the sale.

Stanley had also agreed not to sell any additional shares in the company for the next six months, with some exceptions, as per his agreement with Goodbody Stockbrokers.

At 0915 BST, shares in Cairn Homes were down 2.75% at 155.6p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRN Market Data

Currency UK Pounds
Share Price 179.20p
Change Today 2.20p
% Change 1.24 %
52 Week High 186.80
52 Week Low 105.40
Volume 518,804
Shares Issued 626.82m
Market Cap £1,123.26m
Beta 0.96
RiskGrade 208

CRN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.46% above the market average11.46% above the market average11.46% above the market average11.46% above the market average11.46% above the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average
Price Trend
35.06% below the market average35.06% below the market average35.06% below the market average35.06% below the market average35.06% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
27.01% below the market average27.01% below the market average27.01% below the market average27.01% below the market average27.01% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

CRN Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-24 25-Apr-24
Paid 04-Oct-24 17-May-24
Amount 3.80¢ 3.20¢

Trades for 13-Nov-2024

Time Volume / Share Price
16:35 30,055 @ 179.20p
16:35 1 @ 179.20p
16:35 224 @ 179.20p
16:35 389 @ 179.20p
16:35 508 @ 179.20p

CRN Key Personnel

CEO Michael Stanley
CFO Richard Ball

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