CRH has requested UK FCA to cancel listing of ordinary shares

CRH (NYSE: CRH), a leading global building materials provider, has requested the UK Financial Conduct Authority (FCA) to cancel the listing of its ordinary shares and 7% preference shares on the London Stock Exchange (LSE). The company also plans to delist its 5% preference shares from Euronext Growth Dublin (EGD). This move follows a strategic review of its capital structure and listing obligations, with the primary listing now on the New York Stock Exchange since September 2023. The delisting aims to streamline operations by reducing regulatory, administrative, and financial burdens associated with maintaining multiple listings, particularly given limited trading activity in its LSE-listed shares.

The LSE delisting is expected to become effective on April 20, 2026, with the final trading day for ordinary shares set for April 17, 2026. Shareholders will receive cash payments for canceled preference shares, calculated at multiples of annual dividends, reflecting a valuation benchmark tied to the 30-year Bund rate. Approval for the preference share cancellations requires shareholder votes at the 2026 Annual General Meeting (May 7) and separate preference shareholder meetings (May 21).

CRH emphasizes that the delisting will not affect ordinary shareholders' holdings, which will remain listed solely on the NYSE. The company has published FAQs and a helpline to address investor inquiries. Forward-looking statements in this announcement are subject to risks, including shareholder approval delays or unexpected costs. CRH's decision underscores a broader trend of multinational firms simplifying capital structures to enhance efficiency in a complex regulatory environment.