16th Mar 2026 09:23
(Alliance News) - CRH PLC on Monday said it intends to delist from the London Stock Exchange, meaning its shares will be solely listed on the New York Stock Exchange.
The Dublin-based building materials provider last month announced a review of its listing and capital structure last month. The New York Stock Exchange which has been its primary listing since September 2023. It had cancelled its London primary listing back then, relinquishing its status on the FTSE 100.
It also noted the cancellation of some preference shares.
"As part of the review, CRH carefully considered, among other factors, the level of trading activity for its ordinary shares on the LSE as well as the additional cost, regulatory and administrative obligations arising from retaining the LSE listings and maintaining the 5% and 7% preference shares. Following completion of the review, the board is satisfied that it is in the best interests of CRH and its shareholders to proceed with the LSE delisting and, subject to shareholder approval, the preference share cancellations," CRH said.
CRH expects the last day of trading on the London Stock Exchange to be April 17, with the delisting to become effective on April 20.
It also proposed the cancellation of its two classed of preference share, the 7% preference shares listed in London and and the 5% preference shares listed in Dublin, valued at a total value of approximately EUR1.2 million.
The cancellation, not expected until mid-2026, would be in exchange for a cash payment worth 40 times the annual dividend per preference share. It said the payments will be about EUR2.54 per 5% preference share and EUR3.56 per 7% preference share.
The cancellation proposal for the preference shares will be voted on by shareholders at the annual general meeting on May 7 and at separate meetings restricted to preference shareholders scheduled for May 21.
CRH shares were up 0.2% to 7,546.00 pence each on Monday morning in London.
By Martin Miraglia, Alliance News reporter
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