8-K

CRH PUBLIC LTD CO 8-K Report (Feb 4, 2008)

Filed February 4, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report on a recent transaction involving its own shares. On February 1, 2008, the company, through UBS Limited, repurchased 277,827 of its ordinary shares. These shares were acquired at prices ranging from EUR25.94 to EUR26.60 per share and will be held as treasury shares. This share repurchase program is a significant indicator of management's confidence in the company's value and its commitment to enhancing shareholder value. The acquisition of treasury shares can reduce the number of outstanding shares, potentially increasing earnings per share and signaling a belief that the company's stock is undervalued in the market.

Key Highlights

  • 1CRH plc repurchased 277,827 ordinary shares on February 1, 2008.
  • 2The share repurchase was executed by UBS Limited on behalf of the company.
  • 3Acquisition prices ranged from EUR25.94 to EUR26.60 per ordinary share.
  • 4The purchased shares will be held as treasury shares.
  • 5Following this transaction, CRH plc holds a total of 2,366,675 ordinary shares in treasury.
  • 6The number of ordinary shares in issue, excluding treasury shares, is 544,860,519.

Frequently Asked Questions

The primary purpose of this 8-K filing is to inform the Securities and Exchange Commission (SEC) and investors about a recent transaction where CRH plc repurchased its own ordinary shares. These shares are being held as treasury shares.

Companies typically repurchase their shares when management believes the stock is undervalued, to return capital to shareholders, to offset dilution from stock options, or to reduce the number of outstanding shares to increase earnings per share (EPS).

Treasury shares are shares that a company has repurchased from the open market but has not retired. They are no longer considered outstanding shares for calculating metrics like EPS and can be reissued later for various corporate purposes, such as employee stock option plans or acquisitions.

The repurchase reduces the total number of outstanding shares available to the public. After this transaction, CRH plc has 544,860,519 ordinary shares in issue, excluding the 2,366,675 shares held in treasury.