CRH instructs Merrill Lynch on third phase of share buyback programme
CRH updated the market on the third phase of its share buyback programme on Tuesday - a one-year programme of up to €1bn of share repurchases, which it announced on 25 April.
Construction & Materials
12,064.97
16:29 27/12/24
CRH (CDI)
7,484.00p
17:15 27/12/24
FTSE 100
8,149.78
16:54 27/12/24
FTSE 350
4,495.62
16:29 27/12/24
FTSE All-Share
4,453.14
17:05 27/12/24
The FTSE 100 company had announced the start of a programme to repurchase ordinary shares for a maximum consideration of €100m as the third phase of its share buyback programme on 20 November.
“CRH today announces that it has entered into non-discretionary instructions with Merrill Lynch International to conduct the Phase 3 programme on its behalf, and to make trading decisions under the Phase 3 programme independently of CRH in accordance with certain pre-set parameters,” the CRH board said in its statement.
“The other details of the Phase 3 programme, which were announced on 20 November, remain unchanged.”