8-K

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

Filed April 8, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, reporting a transaction in its own shares on April 7, 2008. The company, through its agent Davy, repurchased 187,000 ordinary shares at prices ranging from EUR24.87 to EUR25.30 per share. These repurchased shares will be held as treasury shares, a common practice for companies to manage their share capital and potentially return value to shareholders. This transaction slightly reduces the total number of shares outstanding, impacting key per-share metrics.

Key Highlights

  • 1CRH plc conducted a share repurchase program on April 7, 2008.
  • 2187,000 ordinary shares were purchased by Davy on behalf of CRH.
  • 3The purchase prices ranged between EUR24.87 and EUR25.30 per ordinary share.
  • 4The repurchased shares will be held as Treasury Shares.
  • 5Following this transaction, CRH holds 8,850,443 ordinary shares in treasury.
  • 6The number of ordinary shares currently in issue (excluding treasury shares) is 538,376,751.
  • 7The filing indicates CRH files its annual reports under Form 20-F.

Frequently Asked Questions

Treasury shares are shares that a company has repurchased from the open market but has not yet retired. Companies typically hold treasury shares for various strategic reasons, including to offset dilution from employee stock options, to fund future acquisitions, or to return capital to shareholders through buyback programs. Holding them as treasury stock allows for flexibility in future corporate actions without immediately impacting the number of shares outstanding.

Share repurchases can be viewed positively by investors as they reduce the number of outstanding shares. This can lead to an increase in earnings per share (EPS) and potentially boost the stock price, assuming other factors remain constant. It also signals management's confidence in the company's valuation and its ability to generate cash.

A Form 6-K is a report of foreign issuers that is filed with the SEC. It is generally used by foreign private issuers to furnish reports and other information that they have made or are required to make public pursuant to the laws of their home country. In this case, CRH is using it to report a significant transaction regarding its own shares.

Based on the number of shares (187,000) and the price range (EUR24.87 to EUR25.30), the total value of the repurchased shares is approximately between EUR4,650,490 (187,000 * EUR24.87) and EUR4,731,100 (187,000 * EUR25.30).