8-K

CRH PUBLIC LTD CO 8-K Report (Apr 9, 2008)

Filed April 9, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 9, 2008, to report a transaction involving the repurchase of its own shares. On April 8, 2008, CRH repurchased 149,000 ordinary shares at prices ranging from EUR24.40 to EUR24.84 per share. These repurchased shares will be held as treasury shares. This repurchase activity indicates the company's intention to manage its share count and potentially return value to shareholders by reducing the number of outstanding shares. Following this transaction, CRH now holds 8,999,443 ordinary shares in treasury, with the total number of shares in issue, excluding treasury shares, standing at 538,227,751. Investors should note this as an active capital management strategy by CRH.

Key Highlights

  • 1CRH repurchased 149,000 ordinary shares on April 8, 2008.
  • 2The repurchase was executed by Davy on behalf of CRH.
  • 3Share purchase prices ranged from EUR24.40 to EUR24.84.
  • 4Repurchased shares will be held as treasury shares.
  • 5CRH now holds 8,999,443 ordinary shares in treasury.
  • 6The number of shares in issue, excluding treasury shares, is 538,227,751.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors about a specific transaction: CRH's repurchase of its own ordinary shares on April 8, 2008, and to update the company's treasury share holdings.

Companies typically repurchase shares to reduce the number of outstanding shares, which can increase earnings per share (EPS), signal confidence in the company's valuation, or return capital to shareholders. These shares are being held as treasury shares, suggesting a strategy of active capital management.

Treasury shares are not considered outstanding for purposes of voting or dividend distribution. They reduce the total number of shares in issue that are eligible for these rights. Holding shares in treasury can also be a way to have shares available for employee stock options or future acquisitions without issuing new shares.

Following the repurchase of 149,000 shares, CRH now holds a total of 8,999,443 shares in treasury. The number of shares actively in circulation and held by the public (excluding treasury shares) is 538,227,751.