Shareholders have approved Ireland-based CRH’s board recommendation to transition to a US primary listing on the New York Stock Exchange. The company says that it will effect its transition on or around 25 September 2023. This will entail delisting shares from Ireland’s Euronext Dublin, while retaining a standard listing on the UK’s London Stock Exchange (LSE).
CRH derived 75% of earnings from North America in 2022. It expects the US market to be a key driver of future growth due to the country’s growing populace and construction needs.
CEO Albert Manifold said “We are pleased to see such strong shareholder support for the listing transition, as it marks an important milestone in our development and will enable CRH to fully participate in the significant growth opportunities that lie ahead.”