8-K

CRH PUBLIC LTD CO 8-K Report (Apr 22, 2008)

Filed April 22, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 22, 2008, to report a share repurchase transaction. On April 21, 2008, the company, through its agent Davy, purchased 100,000 ordinary shares at prices ranging from EUR23.42 to EUR24.29 per share. These repurchased shares will be held in treasury. This transaction is significant for investors as it indicates the company's confidence in its own valuation and its commitment to returning capital to shareholders through share buybacks. As of the filing date, CRH holds approximately 9.75 million shares in treasury, with the outstanding share count (excluding treasury shares) at roughly 537.5 million. This action can potentially increase earnings per share and signal a positive outlook from management.

Key Highlights

  • 1CRH plc repurchased 100,000 ordinary shares on April 21, 2008.
  • 2The share purchases were conducted by Davy on behalf of CRH plc.
  • 3The price range for the repurchased shares was between EUR23.42 and EUR24.29 per share.
  • 4The acquired shares will be held as Treasury Shares.
  • 5Following this transaction, CRH plc holds 9,746,450 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) stands at 537,480,744.

Frequently Asked Questions

The filing indicates a transaction in own shares, suggesting CRH plc is engaged in a share repurchase program. While the specific purpose isn't detailed, such actions are typically undertaken to reduce the number of outstanding shares, potentially boost earnings per share, return capital to shareholders, and signal management's confidence in the company's stock value.

As of April 22, 2008, following the reported transaction, CRH plc holds a total of 9,746,450 ordinary shares in treasury.

Excluding the shares held in treasury, the number of ordinary shares in issue for CRH plc as of April 22, 2008, is 537,480,744.

The filing explicitly states that the purchased shares 'will be held as Treasury Shares'.