CRN Cairn Homes Plc

TIDMCRN

RNS Number : 8470T

Cairn Homes plc

11 January 2017

Directorate Change

Cairn Homes plc, the Dublin-based homebuilder, announces that Eamonn O'Kennedy, its Chief Financial Officer, has decided to leave the Company. Eamonn joined Cairn Homes plc in January 2015 as CFO and was instrumental in preparing the Company for its listing on the London Stock Exchange in June 2015 and subsequently led the finance and investor relations functions.

The Board of Cairn will commence a recruitment process to appoint a new Chief Financial Officer. Eamonn will remain with the Company in his role until the new Chief Financial Officer is appointed.

Eamonn O'Kennedy said: "I have been delighted to play a key role in the IPO, initial set-up and development of the Company to its position of strength today, with a market capitalisation of in excess of EUR900m. It has been a pleasure working with Michael, my colleagues and the Board and I wish them every success in the future, as I focus my attention towards my next opportunity."

Michael Stanley, Chief Executive Officer of Cairn Homes plc, said: "I would like to thank Eamonn for his valuable contribution to Cairn since he joined two years ago. His commitment, input and professionalism were exemplary throughout his time with the Company and he was instrumental in the establishment and delivery of our business to this point. I wish him every success in his future career."

Ends

For more information, please contact:

Cairn Homes plc +353 1 696 4600

Michael Stanley

Eamonn O'Kennedy

Powerscourt +44 20 7250 1446

Justin Griffiths

Jack Hickey

Drury Communications +353 1 260 5000

Billy Murphy

Morwenna Rice

Notes to Editors

Cairn Homes plc is an Irish homebuilder with a highly experienced management team and a core land-bank portfolio which consists of 29 separate sites, on which the Company will develop in excess of 12,000 units, with over 90% of the sites located in Dublin and the greater Dublin area. The Company is committed to constructing high quality new homes with an emphasis on design and innovation. www.cairnhomes.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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