8-K

CRH PUBLIC LTD CO 8-K Report (Feb 27, 2008)

Filed February 27, 2008For Securities:CRH

Summary

CRH plc filed an 8-K on February 26, 2008, reporting a transaction in its own shares executed on February 25, 2008. The company, through its agent Davy, repurchased 55,000 ordinary shares at prices ranging from EUR25.85 to EUR25.94 per share. These repurchased shares will be held as treasury shares. This announcement is significant for investors as it demonstrates CRH's commitment to returning value to shareholders through share buybacks. The treasury shares can be used for various corporate purposes, such as employee stock options, acquisitions, or to reduce the number of outstanding shares, potentially boosting earnings per share. Investors should note the total number of shares held in treasury and the number of shares outstanding following this transaction.

Key Highlights

  • 1CRH plc repurchased 55,000 ordinary shares on February 25, 2008.
  • 2The share repurchase was conducted by Davy on behalf of CRH plc.
  • 3The purchase price per share ranged between EUR25.85 and EUR25.94.
  • 4The repurchased shares will be held as treasury shares.
  • 5Following this transaction, CRH plc holds 5,311,999 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is 541,915,195.

Frequently Asked Questions

This 8-K filing is to report a specific transaction where CRH plc repurchased a portion of its own ordinary shares on February 25, 2008.

The repurchased shares will be held as treasury shares. Treasury shares are shares that a company has bought back from the open market but has not retired. They can be reissued or used for other corporate purposes later.

The repurchase reduces the number of shares outstanding. After this transaction, CRH plc has 541,915,195 ordinary shares in issue, excluding the 5,311,999 shares held in treasury.

Holding shares in treasury provides CRH with flexibility. These shares can be used for employee stock option plans, to fund acquisitions, or to reduce the total number of outstanding shares, which can potentially increase earnings per share for remaining shareholders.