REG-Cairn Homes Plc Cairn Homes Plc: Appointment of Chief Financial Officer

Cairn HomesAnnouncement

13/02/2024 07:00

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   Cairn Homes Plc (CRN)
   Cairn Homes Plc: Appointment of Chief Financial Officer

   13-Feb-2024 / 07:00 GMT/BST

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                     Appointment of Chief Financial Officer

                                        

                                        

   Richard Ball, an experienced real estate professional, will join Cairn as
                            Chief Financial Officer

                                        

    

   Dublin/London,  13  February  2024:  Cairn  Homes  plc  (“Cairn”  or  “the
   Company”) (Euronext Dublin: C5H / LSE: CRN), a leading Irish  homebuilding
   company, today announces, following  a comprehensive recruitment  process,
   the appointment  of  Richard  Ball as  Chief  Financial  Officer  (“CFO”),
   succeeding Shane Doherty. Richard will join the Company as CFO on 10 April
   2024 and  will join  the Board  as  an Executive  Director at  the  Annual
   General Meeting (“AGM”) on 10 May 2024.

    

   Shane Doherty announced his intention to step down as CFO in October 2023,
   with an agreement to remain on the Board to support the transition to  his
   successor. Shane will not  seek re-election at the  upcoming AGM and  will
   leave the Company in the third quarter of this year, following an  orderly
   transition of responsibilities to the new CFO.

    

    

   Richard Ball

   Richard Ball has over 18 years’  experience in the Irish property  market,
   with extensive expertise in  finance, capital markets, sustainability  and
   investment.

    

   He joins  from Urbeo  Residential, one  of Ireland’s  leading  residential
   property businesses, where he  was a Partner  with responsibility for  all
   finance and investment functions of the business. Prior to that, he served
   as Chief Investment Officer at Hibernia REIT plc, an Irish commercial real
   estate company, for  a period  of five years  from its  IPO. Richard  also
   previously held several corporate  finance roles at various  organisations
   including at commercial property company, Clancourt Group.

    

   Richard is a Fellow  of Chartered Accountants Ireland,  holds a Master  of
   Accountancy  from  University  College   Dublin  and  a  B.Sc.   (Business
   Management) from Trinity College Dublin.

    

    

   John Reynolds, Chairman of Cairn, said: "We are delighted to be appointing
   a high calibre candidate  in Richard Ball as  CFO. His deep experience  in
   residential and  other  property sectors,  in  roles that  cover  finance,
   capital  markets  and  sustainability,  will  be  invaluable,  given   the
   Company’s momentum  and trajectory,  as we  continue to  focus on  driving
   shareholder value. We look forward to welcoming him in April.”

    

   “We would also like  to again recognise  Shane Doherty’s very  significant
   contribution to Cairn and to thank him for his commitment to stay in  role
   as part of an orderly transition to his successor.”

    

   Richard Ball, incoming CFO said: "I am excited by the opportunity to  join
   Ireland’s leading homebuilder with an  ambitious vision for the future.  I
   look forward to  joining Michael and  the team to  continue to deliver  on
   their strategy  of  increasing the  supply  of high  quality,  sustainable
   family homes in Ireland.”

    

                                     -ENDS-

    

    

    

    

   For further information, contact:

    

   Cairn  Homes   plc                                                        
                                                                             
                               +353 1 696 4600

   Michael Stanley, Chief Executive Officer

   Tara Grimley, Company Secretary

   Stephen Kane, Director of Corporate Finance & Investor Relations

   Declan Murray, Head of Finance & Treasury

          

    

   Drury Communications               +353 1 260 5000

   Billy Murphy

   Gavin McLoughlin

    

    

   Notes to Editors 

   Cairn Homes plc (“Cairn”)  is an Irish  homebuilder committed to  building
   high-quality, competitively priced, sustainable new homes and  communities
   in great locations. At Cairn, the homeowner  is at the very centre of  the
   design  process.  We  strive  to  provide  unparalleled  customer  service
   throughout each stage  of the  home-buying journey.  A new  Cairn home  is
   expertly designed, with a focus on creating shared spaces and environments
   where communities thrive. Cairn owns a  c. 16,300 unit landbank across  34
   residential development  sites,  over 90%  of  which are  located  in  the
   Greater  Dublin  Area   (“GDA”)  with  excellent   public  transport   and
   infrastructure links.

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           IE00BWY4ZF18
   Category Code:  BOA
   TIDM:           CRN
   LEI Code:       635400DPX6WP2KKDOA83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   303245
   EQS News ID:    1835661


    
   End of Announcement EQS News Service

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