8-K

CRH PUBLIC LTD CO 8-K Report (Feb 25, 2008)

Filed February 25, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction in its own shares on February 25, 2008. This filing details the repurchase of 387,000 ordinary shares on February 22, 2008, at prices ranging from EUR25.60 to EUR25.87. These repurchased shares will be held as treasury shares by the company. Following this transaction, CRH now holds a total of 5,256,999 ordinary shares in treasury. The company's outstanding share count, excluding treasury shares, is 541,970,195. This share repurchase activity is part of an ongoing program and indicates the company's strategy to manage its capital structure and potentially return value to shareholders by reducing the number of shares in circulation.

Key Highlights

  • 1CRH plc repurchased 387,000 ordinary shares on February 22, 2008.
  • 2The average repurchase price was between EUR25.60 and EUR25.87 per share.
  • 3Repurchased shares will be held as treasury shares.
  • 4CRH plc now holds 5,256,999 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 541,970,195.
  • 6The filing was made on February 25, 2008, under SEC Form 6-K.
  • 7This activity is part of CRH's share repurchase programme.

Frequently Asked Questions

Shares held in treasury can be used for various corporate purposes, such as funding employee stock option plans, future acquisitions, or to offset dilution from share issuances. It also can be a way to return capital to shareholders if they are not retired.

Share repurchases can increase earnings per share (EPS) by reducing the number of outstanding shares. This can make the stock more attractive to investors and potentially drive up the stock price, assuming all other factors remain constant.

A Form 6-K is a report of foreign private issuers that are required to disclose information which is made public or is required to be made public in their home country or is filed with or made public by any stock exchange on which the issuer's securities are traded.

The total number of ordinary shares in issue, excluding the treasury shares, is 541,970,195. The total number of shares including treasury shares would be 541,970,195 + 5,256,999 = 547,227,194.