Summary
CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction in its own shares executed on February 5, 2008. The company, through its agent Davy, repurchased 375,000 ordinary shares at prices ranging from EUR24.65 to EUR26.60 per share. These repurchased shares will be held as treasury shares. This repurchase activity is significant as it impacts the company's share count and potentially signals management's view on the stock's valuation. Following this transaction, CRH holds a total of 2,801,616 ordinary shares in treasury, with 544,425,578 ordinary shares remaining in issue excluding treasury shares. Investors should monitor future repurchase activities and management commentary for insights into capital allocation strategies and confidence in the company's prospects.
Key Highlights
- 1CRH plc repurchased 375,000 ordinary shares on February 5, 2008.
- 2The share repurchase was conducted by Davy on behalf of CRH.
- 3The purchase price per share ranged between EUR24.65 and EUR26.60.
- 4The repurchased shares will be held as Treasury Shares.
- 5Following the transaction, CRH holds 2,801,616 ordinary shares in Treasury.
- 6The number of ordinary shares in issue, excluding treasury shares, is 544,425,578.