Summary
CRH Public Limited Company (CRH) filed an 8-K on January 29, 2008, to report on a share repurchase transaction executed on January 28, 2008. The company, through UBS Limited, purchased 195,180 ordinary shares at prices ranging from EUR24.85 to EUR25.50. These repurchased shares will be held as treasury shares. This transaction increases CRH's treasury share balance to 1,665,772 shares. The number of outstanding ordinary shares, excluding treasury shares, stands at 545,561,422. Investors should note this activity as it reflects the company's capital allocation strategy and can impact earnings per share metrics.
Key Highlights
- 1CRH plc repurchased 195,180 ordinary shares on January 28, 2008.
- 2The share repurchase was executed by UBS Limited on behalf of CRH.
- 3Repurchase prices ranged between EUR24.85 and EUR25.50 per share.
- 4The acquired shares will be classified as treasury shares.
- 5Following this transaction, CRH holds 1,665,772 ordinary shares in treasury.
- 6The total number of ordinary shares in issue (excluding treasury shares) is 545,561,422.
Frequently Asked Questions
The filing does not explicitly state the purpose of the share repurchase program. However, companies typically engage in share repurchases to return capital to shareholders, boost earnings per share, or offset dilution from stock options.
This transaction increases the number of treasury shares held by CRH, which reduces the number of shares effectively outstanding for calculation purposes, such as earnings per share. The number of shares in issue excluding treasury shares is now 545,561,422.
Treasury shares are shares that a company has repurchased from the open market. They are not considered outstanding for voting or dividend purposes and do not earn dividends. Holding shares in treasury provides flexibility for future corporate actions, such as employee stock plans or acquisitions.
UBS Limited purchased the ordinary shares on behalf of CRH plc.