8-K

CRH PUBLIC LTD CO 8-K Report (Mar 10, 2008)

Filed March 10, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 10, 2008, reporting a transaction in its own shares. The company announced that on March 7, 2008, UBS Limited purchased 200,000 CRH Ordinary Shares on behalf of the company. These shares were acquired at prices ranging from EUR23.89 to EUR24.77 per share and will be held as Treasury Shares. This repurchase program indicates CRH's commitment to returning value to shareholders through share buybacks. The repurchased shares reduce the total number of outstanding shares, potentially increasing earnings per share. Investors should note the specific number of shares repurchased and the current treasury share balance as indicators of the company's capital allocation strategy.

Key Highlights

  • 1CRH plc repurchased 200,000 of its Ordinary Shares on March 7, 2008.
  • 2The shares were purchased by UBS Limited on behalf of CRH.
  • 3The repurchase prices ranged from EUR23.89 to EUR24.77 per share.
  • 4The acquired shares will be held by CRH as Treasury Shares.
  • 5Following this transaction, CRH holds 6,535,759 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue, excluding Treasury Shares, is 540,691,435.

Frequently Asked Questions

CRH repurchased its own shares as part of a share repurchase program. This is a common corporate action to return capital to shareholders, potentially increase earnings per share, and signal management's confidence in the company's value.

Treasury Shares are shares that a company has repurchased from the open market. They are no longer considered outstanding shares and do not carry voting rights or receive dividends. CRH will hold these 200,000 shares as Treasury Shares.

The repurchase of 200,000 shares reduces the total number of outstanding shares. With 540,691,435 shares now in issue (excluding treasury shares), this buyback makes each remaining share represent a slightly larger proportion of the company's ownership.

Based on the information provided, the total value of the repurchased shares is between EUR4,778,000 (200,000 shares * EUR23.89) and EUR4,954,000 (200,000 shares * EUR24.77).