JPM | Building Broadcast: CRH, HOLN, DG, AENA, BTRW JPMC Construction Daily

Research evidence excerpt

JPM | Building Broadcast: CRH, HOLN, DG, AENA, BTRW JPMC Construction Daily

J P M O R G A N Europe Equity Research

26 June 2026

JPM | Building Broadcast: CRH,

HOLN, DG, AENA, BTRW

JPMC Construction Daily

Building Materials European Building & Construction

and Infrastructure

• CRH completes cancellation of preference shares. Further to the Elodie Rall AC

announcement made on March 13, 2026, CRH yesterday announced that the (44-20) 7134-5911

elodie.rall@jpmorgan.com

separate schemes of arrangement to cancel the company’s 5% preference J.P. Morgan Securities plc

shares and 7% preference shares became effective yesterday, June 25, 2026,

Zaim Beekawa

and that the preference shares have been cancelled. Cancellation of the (44-20) 7134-4175

admission of the 5% preference shares to trading on Euronext Growth Dublin zaim.beekawa@jpmorgan.com

is expected to occur with effect from 7:00 a.m. (BST) today, Friday June 26, J.P. Morgan Securities plc

2026. Link to the press release. Jamie Smallbone

• SaltX secures EU funding to demonstrate electrified and circular cement (44-20)jamie.smallbone@jpmorgan.com3493-7015

production with Holcim and Paebbl. SaltX Technology, Holcim and Paebbl J.P. Morgan Securities plc

will jointly demonstrate an integrated concept that combines electrified Manshi Sinha

cement clinker production with the circular utilisation of carbon dioxide across (91-22) 6157 5111

the industrial value chain. The project will be carried out at SaltX’s industrial manshi.sinha@jpmchase.com

test and research facility, ECRC, in Hofors, Sweden, and has received funding J.P. Morgan India Private Limited

through CET Partnership, an EU programme for energy and climate

technologies. Link to the press release.

• Europe labour shortage hands win to Asian builders, says Holcim. The