8-K

CRH PUBLIC LTD CO 8-K Report (Mar 26, 2008)

Filed March 26, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) has reported on a transaction involving the repurchase of its own shares. On March 25, 2008, the company, through UBS Limited, purchased 209,322 ordinary shares at prices ranging from EUR24.00 to EUR24.40 per share. These repurchased shares will be held as treasury shares. This share repurchase activity is significant for investors as it reflects management's confidence in the company's valuation and its capital allocation strategy. The acquisition of treasury shares can potentially increase earnings per share and signal a commitment to returning value to shareholders. Investors should note the total number of shares held in treasury and the remaining shares in issue, which are important metrics for understanding the company's financial structure and share performance.

Key Highlights

  • 1CRH repurchased 209,322 ordinary shares on March 25, 2008.
  • 2The share repurchases were executed by UBS Limited on behalf of CRH.
  • 3The purchase price per share ranged between EUR24.00 and EUR24.40.
  • 4The acquired shares will be designated as treasury shares.
  • 5Following this transaction, CRH now holds 8,279,953 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, stands at 538,947,241.

Frequently Asked Questions

This 8-K filing (submitted as a Form 6-K for foreign issuers) reports on a transaction where CRH Public Limited Company repurchased its own ordinary shares. It details the number of shares bought, the price range, and the designation of these shares as treasury stock.

Companies typically repurchase shares for several reasons, including returning value to shareholders, signaling confidence in the company's stock valuation, and potentially increasing earnings per share by reducing the number of outstanding shares. Holding shares as treasury stock provides flexibility for future use, such as employee stock options or acquisitions.

Treasury shares reduce the number of shares outstanding, which can boost earnings per share (EPS) if net income remains constant. They also represent an investment of company capital. For CRH, holding these shares as treasury stock means they are not currently part of the voting or dividend-issuing base but can be reissued later.

This indicates that the repurchases occurred over a period of time or at different price points within that specified range on March 25, 2008, rather than at a single fixed price. This is common in market repurchases.