Two Irish companies planning to return combined €170m to shareholders

Kenmare Resources said it is, this year, generating stronger free cash flow, providing an opportunity to deliver increased shareholder returns. 

Two Irish companies are planning to return more than a combined €170m to investors via separate share buyback programmes.

House building company Glenveagh Properties has commenced a programme – which may run until the end of next year – aimed at returning excess capital of up to €100m to shareholders. The plan is reliant on shareholder approval and market conditions.