CRH: After LSE delisting, ordinary shares solely listed on NYSE

CRH (NYSE: CRH) has announced its intention to delist its ordinary shares from the London Stock Exchange (LSE), making them solely listed on the New York Stock Exchange (NYSE) following its primary listing shift in September 2023. The delisting process, approved by the UK Financial Conduct Authority (FCA), will take effect at 8:00 a.m. (London time) on April 20, 2026, with the final trading day on the LSE scheduled for April 17, 2026 according to the company announcement. The company cited reduced trading activity on the LSE and the costs associated with maintaining dual listings and preference shares as key factors in the decision as reported.

CRH also plans to cancel its 5% and 7% preference shares, subject to shareholder approval at its 2026 Annual General Meeting (May 7) and separate preference shareholder meetings (May 21). The cancellations involve a cash payment of 40 times the annual dividend per share, valued relative to the 30-year Bund rate as of March 12, 2026 according to the announcement.

In 2025, CRH reported strong financial performance, with revenue rising 5.3% to $37.45 billion and net income increasing 7.7% to $3.79 billion. The company attributed this to disciplined commercial execution and infrastructure demand as detailed in their results. Looking ahead, CRH expects 2026 net income to range between $3.9 billion and $4.1 billion, driven by sustained infrastructure investment and re-industrialization trends according to financial analysis.

The delisting and preference share cancellations aim to streamline governance and reduce administrative complexity, though outcomes depend on regulatory and shareholder approvals. Shareholders are advised to review detailed FAQs and proxy materials available on CRH's investor relations website as specified in the announcement.