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REG - CRH PLC - Transition to US Primary Listing Approved

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RNS Number : 1489C  CRH PLC  08 June 2023

Press Release

Transition to US Primary Listing Approved

CRH plc, the leading provider of building materials solutions, is pleased to
announce that shareholders overwhelmingly approved the unanimous
recommendation of the Board and management team to transition to a US primary
listing on the New York Stock Exchange (NYSE) at an Extraordinary General
Meeting held earlier today.

The Group will retain a standard listing on the London Stock Exchange (LSE)
and will de-list from Euronext Dublin. The changes are expected to take effect
on or around 25 September 2023.

We believe a US primary listing will bring increased commercial, operational
and acquisition opportunities for our business, further accelerating our
successful integrated solutions strategy and delivering even higher levels of
profitability, returns and cash for our shareholders.

North America represents approximately 75% of Group EBITDA and the US is
expected to be a key driver of future growth for CRH due to continued economic
expansion, a growing population and significant construction needs.

As the leading building materials solutions business in North America, CRH is
uniquely positioned to capitalise on the strong growth opportunities in the US
construction market, underpinned by long-term structural tailwinds from
federal, state and municipal funding support.

Albert Manifold, Chief Executive of CRH, said: "We are pleased to see such
strong shareholder support for the listing transition as it marks an important
milestone in our development and will enable CRH to fully participate in the
significant growth opportunities that lie ahead".

****

Contact CRH at Dublin 404 1000 (+353 1 404 1000)

   Albert Manifold      Chief Executive
   Jim Mintern          Chief Financial Officer
   Frank Heisterkamp    Director of Capital Markets & ESG
   Tom Holmes           Head of Investor Relations

 

 

About CRH

CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading provider of building
materials solutions that build, connect and improve our world. Employing
c.75,800 people at c.3,160 locations in 29 countries, CRH has market
leadership positions in both North America and in Europe. As the essential
partner for road and critical utility infrastructure, commercial building
projects and outdoor living solutions, CRH's unique offering of materials,
products and value-added services helps to deliver a more resilient and
sustainable built environment. A Fortune 500 company, CRH is a constituent
member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow
Jones Sustainability Index (DJSI) Europe. The company is ranked among sector
leaders by Environmental, Social and Governance (ESG) rating agencies. CRH's
American Depositary Shares are listed on the NYSE. For more information visit
www.crh.com (http://www.crh.com) .

 

Disclaimer / Forward-Looking Statements

In order to utilise the "Safe Harbor" provisions of the United States Private
Securities Litigation Reform Act of 1995, CRH public limited company (the
"Company"), and its subsidiaries (collectively, "CRH" or the "Group") is
providing the following cautionary statement.

This document contains statements that are, or may be deemed to be
forward-looking statements with respect to the financial condition, results of
operations, business, viability and future performance of CRH and certain
plans and objectives of CRH, including but not limited to the statements
regarding the expected execution and/or anticipated benefits of a transition
to a US primary listing. These forward-looking statements may generally, but
not always, be identified by the use of words such as "will", "believe",
"continues", "is expected to", or similar expressions. These forward-looking
statements include all matters that are not historical facts or matters of
fact at the date of this document.

Forward-looking statements are subject to risks, uncertainties and other
factors because they relate to events and depend on circumstances that may or
may not occur in the future and/or are beyond the Company's control or precise
estimate. Such risks, uncertainties and other factors include, but are not
limited to, plans and expectations related to the execution and anticipated
financial and operational results of a US primary listing, expectations
related to the US as a driver for future growth, and plans and expectations
related to government policies. There are important factors, risks and
uncertainties that could cause actual outcomes and results to be materially
different, including risks and uncertainties relating to CRH described under
"Principal Risks and Uncertainties (Risk Factors)" of the Company's Annual
Report and Form 20-F for the year ended December 31, 2022.

You are cautioned not to place undue reliance on any forward-looking
statements. These forward-looking statements are made as of the date of this
document. The Company expressly disclaims any obligation or undertaking to
publicly update or revise these forward-looking statements other than as
required by applicable law.

The forward-looking statements in this document do not constitute reports or
statements published in compliance with any of Regulations 6 to 8 of the
Transparency (Directive 2004/109/EC) Regulations 2007 (as amended).

Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin
2, R02 R279, Ireland

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