Summary
CRH Public Limited Company (CRH) has filed a Form 6-K, reporting on a transaction in its own shares. On February 29, 2008, the company repurchased 276,500 ordinary shares at an average price range between EUR 24.53 and EUR 25.48 per share. These repurchased shares will be held as treasury shares. Following this transaction, CRH now holds a total of 6,057,999 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, is 541,169,195. This share repurchase activity indicates the company's continued strategy of returning capital to shareholders or managing its share structure.
Key Highlights
- 1CRH plc repurchased 276,500 ordinary shares on February 29, 2008.
- 2The purchase price per share ranged from EUR 24.53 to EUR 25.48.
- 3The repurchased shares will be held as treasury shares.
- 4Following the transaction, CRH holds 6,057,999 ordinary shares in treasury.
- 5The total number of ordinary shares outstanding (excluding treasury shares) is 541,169,195.
Frequently Asked Questions
This filing (Form 6-K) serves to report a transaction by CRH plc in its own shares, specifically a share repurchase program executed on February 29, 2008.
Treasury shares are shares that a company has bought back from the open market. They are no longer considered outstanding and do not carry voting rights or receive dividends. Companies often hold treasury shares for future use, such as employee stock option plans, acquisitions, or to reduce the number of shares outstanding and potentially boost earnings per share.
The repurchase of 276,500 shares reduces the number of outstanding shares. After this transaction, the total number of shares in issue, excluding the 6,057,999 treasury shares, is 541,169,195.
The transaction involved 276,500 shares bought at prices between EUR 24.529 and EUR 25.48. The total value would be approximately between (276,500 * 24.529) = EUR 6,781,878.50 and (276,500 * 25.48) = EUR 7,045,620.00.