8-K

CRH PUBLIC LTD CO 8-K Report (Apr 23, 2008)

Filed April 23, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 23, 2008, to report a transaction in its own shares. On April 22, 2008, CRH repurchased 150,000 of its ordinary shares at prices ranging from EUR23.309 to EUR23.70 per share. These repurchased shares will be held as treasury shares. This repurchase program indicates CRH's commitment to managing its capital structure and potentially returning value to shareholders by reducing the number of outstanding shares. Investors should note the total number of shares held in treasury has increased, and the number of shares in issue, excluding treasury shares, is now 537,330,744. This action could be interpreted as a signal of management's confidence in the company's stock valuation.

Key Highlights

  • 1CRH repurchased 150,000 ordinary shares on April 22, 2008.
  • 2The share repurchase occurred at prices between EUR23.309 and EUR23.70 per share.
  • 3The purchased shares will be held as treasury shares.
  • 4Following this transaction, CRH holds 9,896,450 ordinary shares in treasury.
  • 5The number of ordinary shares currently in issue, excluding treasury shares, is 537,330,744.
  • 6The filing was made under Form 6-K, indicating it's a report from a foreign issuer.

Frequently Asked Questions

While the filing doesn't explicitly state the purpose, share repurchases are typically undertaken to reduce the number of outstanding shares, which can potentially increase earnings per share (EPS), signal management's confidence in the company's valuation, and return capital to shareholders.

The filing reports a specific transaction where 150,000 shares were purchased on April 22, 2008. After this transaction, the total number of shares held in treasury increased to 9,896,450.

The number of shares in issue, excluding treasury shares, has decreased as a result of the repurchase. It now stands at 537,330,744 shares.

Treasury shares are shares that a company has repurchased from the open market but has not yet cancelled. These shares are no longer considered outstanding for voting or dividend purposes but can be reissued later, held for employee stock options, or used for acquisitions.