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REG-Cairn Homes Plc Cairn Homes Plc: Holding(s) in Company

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   Cairn Homes Plc (CRN)
   Cairn Homes Plc: Holding(s) in Company

   22-Oct-2025 / 10:04 GMT/BST

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   Standard Form TR-1

   Standard form for notification of major holdings

   NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
   Central Bank of Ireland)i
    
   1. Identity of the issuer or the underlying issuer of existing shares to
   which voting rights are attachedii:

   Cairn Homes PLC (ISIN IE00BWY4ZF18, SEDOL: BWY4ZF1)

    
   2. Reason for the notification (please tick the appropriate box or boxes):

    X  An acquisition or disposal of voting rights

   [ ] An acquisition or disposal of financial instruments

   [ ] An event changing the breakdown of voting rights

   [] Other (please specify)iii:

    
   3. Details of person subject to the notification obligationiv :
   Name:  Regal Partners (RE)    City and country of registered office (if
   Limited (Formerly: PM Capital applicable):
   Ltd) (ABN 69 083 644 731,
   AFSL No. 230222)              Sydney, Australia
   4. Full name of shareholder(s) (if different from 3.)v:

   Custodial Accounts:

     • Morgan Stanley International plc
     • Goldman Sachs International (London)
   5. Date on which the threshold was crossed or reachedvi:  17 October 2025
   6. Date on which issuer notified:  21 October 2025
   7. Threshold(s) that is/are crossed or reached:  3%
   8. Total positions of person(s) subject to the notification obligation:
                                        % of voting
                       % of voting      rights through  Total of Total number of
                       rights attached  financial       both in  voting rights
                       to shares (total instruments     % (9.A + of issuervii
                       of 9.A)          (total of 9.B.1 9.B)
                                        + 9.B.2)
   Resulting situation
   on the date on      3.06%                            3.06%    625,576,122
   which threshold was
   crossed or reached
   Position of
   previous            N/a                              N/a       
   notification (if
   applicable)
                                                                  

    

   9. Notified details of the resulting situation on the date on which the
   threshold was crossed or reachedviii:
   A: Voting rights attached to shares
   Class/type   Number of voting rightsix          % of voting rights
   of
   shares                                                                 

   ISIN code          Direct          Indirect          Direct        Indirect
   (if
   possible)                                                              
   IE00BWY4ZF18                      19,141,268                        3.06%
                                                                          
                                                                          
   SUBTOTAL A                        19,141,268                        3.06%
    
   B 1: Financial Instruments according to Regulation 17(1)(a) of the
   Regulations 
                                                   Number of voting
   Type of        Expiration Exercise/             rights that may be   % of
   financial      datex      Conversion Periodxi   acquired if the      voting
   instrument                                      instrument is        rights
                                                   exercised/converted.
                                                                         
                                                                         
                                                                         
                             SUBTOTAL B.1                                
    
   B 2: Financial Instruments with similar economic effect according to
   Regulation 17(1)(b) of the Regulations
   Type of      Expiration   Exercise/      Physical or cash    Number of % of
   financial    datex        Conversion     settlementxii       voting    voting
   instrument                Period xi                          rights    rights
                                                                           
                                                                           
                                                                           
                                            SUBTOTAL B.2                   
                                                                           

    

   10. Information in relation to the person subject to the notification
   obligation (please tick the applicable box):

    

   [ ] Person subject to the notification obligation is not controlled by any
   natural person or legal entity and does not control any other undertaking(s)
   holding directly or indirectly an interest in the (underlying) issuer.xiii

    

    X  Full chain of controlled undertakings through which the voting rights
   and/or the
   financial instruments are effectively held starting with the ultimate
   controlling natural person or legal entityxiv:

    
                                                   % of voting
                                  % of voting      rights through  Total of both
                                  rights if it     financial       if it equals
   Namexv                         equals or is     instruments if  or is higher
                                  higher than the  it equals or is than the
                                  notifiable       higher than the notifiable
                                  threshold        notifiable      threshold
                                                   threshold
   PM Capital Global Companies
   Fund (LEI:                          1.552%                         1.552%
   549300G9AAH2W5NCIP82)
   PM Capital Long Term
   Investment Fund (LEI                0.293%                         0.293%
   (54930059B7OMDRH08D22)
   PM Capital Global
   Opportunities Fund Ltd (LEI:        0.973%                         0.973%
   5493002RXP07KPHL2B32)
   Colonial First State
   Investments Ltd (ACN 002 348
   352) as trustee for                 0.242%                         0.242%
   Commonwealth Specialist Fund
   11 (LEI: 5493005W2U5Q75KEGB51)
    
   11. In case of proxy voting: [name of the proxy holder] will cease to hold [%
   and number] voting rights as of  date 

   N/A
    
   12. Additional informationxvi:
    

    

   Done at Sydney, Australia on 20 October 2025.

    

   Annex: Notification of major holdings
   A: Identity of the person subject to the notification obligation
   Full name (including legal form for legal entities)

   Regal Partners (RE) Limited (Formerly: PM Capital Limited) (ABN 69 083 644
   731, AFSL No. 230222, LEI: 5493008O0NTORWW31M67)

   as responsible entity/trustee for

     • PM Capital Global Companies Fund (LEI: 549300G9AAH2W5NCIP82)
     • PM Capital Long Term Investment Fund (LEI (54930059B7OMDRH08D22)

    

   Regal Partners (RE) Limited (Formerly: PM Capital Limited) (ABN 69 083 644
   731, AFSL No. 230222, LEI: 5493008O0NTORWW31M67)

   as investment manager for

     • PM Capital Global Opportunities Fund Ltd (LEI: 5493002RXP07KPHL2B32)
     • Colonial First State Investments Ltd (ACN 002 348 352) as responsible
       entity for Commonwealth Specialist Fund 11 (LEI: 5493005W2U5Q75KEGB51)

    
   Contact address (registered office for legal entities)

   Regal Partners (RE) Limited

   Level 46, Gateway, 1 Macquarie Place

   Sydney, New South Wales, 2000

   Australia

    
   E-Mail

   operations@pmcapital.com.au
   Phone number / Fax number

   +612 8243 0888
   Other useful information (at least legal a contact person for legal persons)
                                            
   B: Identity of the notifier, if applicable
   Full name  Stuart Bennett (Head of Operations)
   Contact address

   Regal Partners (RE) Limited

   Level 46, Gateway, 1 Macquarie Place

   Sydney, New South Wales, 2000

   Australia

    
   E-Mail

   sbennett@pmcapital.com.au
   Phone number / Fax number

   +612 8243 0888
   Other useful information (e.g. functional relationship with the person or
   legal entity subject to the notification obligation)

    
    
   C: Additional information:

    

    

    

   The Central  Bank  of Ireland  (“Central  Bank”) may  process  personal  data
   provided by you in order to  fulfil its statutory functions or to  facilitate
   its business operations. Any  personal data will  be processed in  accordance
   with the requirements of data protection legislation. Any queries  concerning
   the processing  of personal  data by  the  Central Bank  may be  directed  to
    1 dataprotection@centralbank.ie.  A  copy   of  the   Central  Bank’s   Data
   Protection            Notice            is            available            at
    2 www.centralbank.ie/fns/privacy-statement.

   Notes

   i. Persons completing this form should have regard to the requirements of the
   Transparency  (Directive  2004/109/EC)  Regulations  2007  as  amended   (the
   “Regulations”),  the  Central  Bank  of  Ireland’s  Transparency  Rules  (the
   “Transparency Rules”) and Commission Delegated Regulation (EU) 2015/761 of 17
   December 2014.

   ii Full name of the legal  entity and other identifying specification of  the
   issuer or  underlying issuer,  provided  it is  reliable and  accurate  (e.g.
   address, LEI, domestic number identity).

    

   iii Other  reason  for the  notification  could be  voluntary  notifications,
   changes of  attribution  of the  nature  of  the holding  (e.g.  expiring  of
   financial instruments) or acting in concert.

    

   iv This should  be the  full name  of (a)  the shareholder;  (b) the  natural
   person or legal entity acquiring, disposing of or exercising voting rights in
   the cases provided for in Regulation 15(b) to (h) of the Regulations (Article
   10 (b)  to (h)  of Directive  2004/109/EC); or  (c) the  holder of  financial
   instruments referred to in Regulation 17(1) of the Regulations (Article 13(1)
   of Directive 2004/109/EC).

    

   As the disclosure of cases of acting in concert may vary due to the  specific
   circumstances (e.g.  same  or  different  total  positions  of  the  parties,
   entering or exiting of acting in concert by a single party) the standard form
   does not provide  for a  specific method  how to  notify cases  of acting  in
   concert.

    

   In relation  to  the  transactions  referred  to in  points  (b)  to  (h)  of
   Regulation 15 of the Regulations  (Article 10 of Directive 2004/109/EC),  the
   following list is  provided as  an indication of  the persons  who should  be
   mentioned:

    

   -  in  the circumstances  foreseen in  letter  (b) of  Regulation 15  of  the
   Regulations (Article  10 of  Directive 2004/109/EC),  the natural  person  or
   legal entity that acquires the voting rights and is entitled to exercise them
   under  the  agreement  and  the  natural  person  or  legal  entity  who   is
   transferring temporarily for consideration the voting rights;

    

   - in the circumstances  foreseen in letter  (c) of the  Regulation 15 of  the
   Regulations (Article  10 of  Directive 2004/109/EC),  the natural  person  or
   legal entity holding the collateral,  provided the person or entity  controls
   the voting rights and declares its intention of exercising them, and  natural
   person or legal entity lodging the collateral under these conditions;

    

   -  in  the circumstances  foreseen in  letter  (d) of  Regulation 15  of  the
   Regulations (Article  10 of  Directive 2004/109/EC),  the natural  person  or
   legal entity who has a  life interest in shares if  that person or entity  is
   entitled to exercise the voting rights attached to the shares and the natural
   person or legal entity who  is disposing of the  voting rights when the  life
   interest is created;

    

   -  in  the circumstances  foreseen in  letter  (e) of  Regulation 15  of  the
   Regulations (Article 10  of Directive 2004/109/EC),  the controlling  natural
   person or  legal  entity and,  provided  it has  a  notification duty  at  an
   individual level  under  Regulation  14  of the  Regulations  (Article  9  of
   Directive 2004/109/EC), under  letters (a)  to (d)  of Regulation  15 of  the
   Regulations (Article 10 of Directive  2004/109/EC) or under a combination  of
   any of those situations, the controlled undertaking;

    

   -  in  the circumstances  foreseen in  letter  (f) of  Regulation 15  of  the
   Regulations (Article 10 of Directive  2004/109/EC), the deposit taker of  the
   shares, if he can exercise the voting rights attached to the shares deposited
   with him at  his discretion,  and the depositor  of the  shares allowing  the
   deposit taker to exercise the voting rights at his discretion;

    

   -  in  the circumstances  foreseen in  letter  (g) of  Regulation 15  of  the
   Regulations (Article  10 of  Directive 2004/109/EC),  the natural  person  or
   legal entity that controls the voting rights;

    

   -  in  the circumstances  foreseen in  letter  (h) of  Regulation 15  of  the
   Regulations (Article 10 of  Directive 2004/109/EC), the  proxy holder, if  he
   can exercise the voting rights at his discretion, and the shareholder who has
   given his  proxy to  the proxy  holder allowing  the latter  to exercise  the
   voting rights at his discretion (e.g. management companies).

    

   v Applicable in  the cases provided  for in  Regulation 15(b) to  (h) of  the
   Regulations (Article 10 (b) to (h) of Directive 2004/109/EC). This should  be
   the full  name of  the shareholder  who is  the counterparty  to the  natural
   person or  legal entity  referred  to in  Regulation  15 of  the  Regulations
   (Article 10 Directive  2004/109/EC) unless  the percentage  of voting  rights
   held by the shareholder is lower than the lowest notifiable threshold for the
   disclosure of voting rights holdings  in accordance with the requirements  of
   the Regulations and the Transparency Rules.

    

   vi The date on which  threshold is crossed or reached  should be the date  on
   which the acquisition or  disposal took place or  the other reason  triggered
   the notification  obligation.  For  passive  crossings,  the  date  when  the
   corporate event took effect.

    

   vii The total number of  voting rights shall be  composed of all the  shares,
   including depository receipts representing shares, to which voting rights are
   attached even if the exercise thereof is suspended.

    

   viii If  the holding  has fallen  below the  lowest applicable  threshold  in
   accordance with the Regulations and the Transparency Rules  the holder is not
   obliged to disclose the extent of the holding only that the holding is “below
   3%” or “below 5%” as appropriate.

    

   ix In case of combined holdings of shares with voting rights attached "direct
   holding" and voting rights "indirect holding", please split the voting rights
   number and percentage into the direct and  indirect columns – if there is  no
   combined holdings, please leave the relevant box blank.

    

   x Date of maturity/expiration of the financial instrument i.e. the date  when
   right to acquire shares ends.

    

   xi If the financial instrument has such a period – please specify this period
   – for example once every 3 months starting from  date .

    

   xii In case of cash settled instruments the number and percentages of  voting
   rights is to be presented on a delta-adjusted basis (Regulation 17(4) of  the
   Regulations/Article 13(1a) of Directive 2004/109/EC).

    

   xiii  If  the  person  subject  to  the  notification  obligation  is  either
   controlled and/or does  control another  undertaking then  the second  option
   applies.

    

   xiv The full  chain of  controlled undertakings, starting  with the  ultimate
   controlling natural person or legal entity, has to be presented also in cases
   in which only on subsidiary level a  threshold is crossed or reached and  the
   subsidiary undertaking  discloses the  notification, as  only thus  will  the
   markets get a full  picture of the  group holdings. In  the case of  multiple
   chains through  which  the voting  rights  and/or financial  instruments  are
   effectively held, the chains  have to be presented  chain by chain leaving  a
   row free between different  chains (e.g.: A,  B, C, free row,  A, B, D,  free
   row, A, E, F etc.).

    

   xv The  names of  controlled  undertakings through  which the  voting  rights
   and/or financial  instruments  are  effectively held  have  to  be  presented
   irrespective of whether the controlled undertakings cross or reach the lowest
   applicable threshold themselves.

    

   xvi Example: Correction of a previous notification.

    

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

   ═════════════════════════════════════════════════════════════════════════════

   ISIN:           IE00BWY4ZF18
   Category Code:  HOL
   TIDM:           CRN
   LEI Code:       635400DPX6WP2KKDOA83
   OAM Categories: 2.3. Major shareholding notifications
   Sequence No.:   405878
   EQS News ID:    2216808


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:dataprotection@centralbank.ie
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8dfb3360473e269c7cedd7b9ba837015&application_id=2216808&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news


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