8-K

CRH PUBLIC LTD CO 8-K Report (Apr 18, 2008)

Filed April 18, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K report detailing a transaction in its own shares. On April 17, 2008, the company repurchased 100,000 of its ordinary shares through its agent, Davy. These shares were acquired at prices ranging from EUR 24.05 to EUR 24.20 per share. These repurchased shares will be held as treasury shares, bringing CRH's total holdings in treasury to 9,546,450 ordinary shares. The number of ordinary shares currently in issue, excluding these treasury shares, stands at 537,680,744. This transaction signifies CRH's ongoing share repurchase program, which can be viewed as a signal of management's confidence in the company's valuation and a method to return capital to shareholders.

Key Highlights

  • 1CRH plc conducted a share repurchase on April 17, 2008, buying back 100,000 ordinary shares.
  • 2The repurchase was executed by Davy on behalf of CRH plc.
  • 3Share prices during the repurchase ranged from EUR 24.05 to EUR 24.20.
  • 4The acquired shares will be classified as treasury shares.
  • 5Following this transaction, CRH now holds 9,546,450 ordinary shares in treasury.
  • 6The total number of outstanding ordinary shares (excluding treasury shares) is 537,680,744.

Frequently Asked Questions

The filing indicates a share repurchase program. Companies typically undertake such programs to reduce the number of outstanding shares, potentially increasing earnings per share, and to signal management's confidence in the company's stock valuation. It can also be a way to return capital to shareholders.

CRH repurchased 100,000 ordinary shares on April 17, 2008. The prices paid were between EUR 24.05 and EUR 24.20 per share.

The repurchased shares are held as treasury shares by CRH plc. Treasury shares are shares that the company has bought back from the open market but not cancelled. They can be reissued later, used for employee stock options, or other corporate purposes.

The repurchase reduces the number of shares held by the public. The filing states that excluding the treasury shares, CRH has 537,680,744 ordinary shares in issue. The addition of 100,000 shares to treasury means the number of shares available to the public has decreased by that amount.