8-K

CRH PUBLIC LTD CO 8-K Report (Apr 28, 2008)

Filed April 28, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on April 28, 2008, detailing a share repurchase transaction conducted on April 25, 2008. The company, through its agent Davy, purchased 68,000 ordinary shares at prices ranging from EUR23.75 to EUR24.00 per share. These repurchased shares are designated to be held as treasury shares, a common practice for companies to manage their equity structure and potentially return value to shareholders. Following this repurchase, CRH now holds 10,118,961 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 537,108,233. This disclosure is important for investors as it provides insight into the company's capital management strategy and its ongoing commitment to share buyback programs, which can impact earnings per share and overall shareholder value.

Key Highlights

  • 1CRH plc repurchased 68,000 ordinary shares on April 25, 2008.
  • 2The share repurchase was conducted by Davy on behalf of CRH.
  • 3The purchase price per share ranged between EUR23.75 and EUR24.00.
  • 4The acquired shares will be held as treasury shares.
  • 5CRH plc now holds 10,118,961 ordinary shares in treasury.
  • 6The total number of ordinary shares outstanding (excluding treasury shares) is 537,108,233.
  • 7The filing is made under Form 6-K and is relevant for foreign issuers.

Frequently Asked Questions

Treasury shares are typically held by companies for various strategic purposes, including fulfilling employee stock option plans, using them for future acquisitions, or to potentially re-issue them to the market to manage share price fluctuations or return capital to shareholders. Specific to CRH, this indicates an active share repurchase program.

Share repurchases generally tend to reduce the number of outstanding shares. This can lead to an increase in earnings per share (EPS) if net income remains the same or grows, making the stock appear more attractive to investors. It can also signal management's confidence in the company's valuation and future prospects.

Form 6-K is a report of foreign private issuers filed with the U.S. Securities and Exchange Commission (SEC) that contains information that the issuer has made or is required to make public in its home country. CRH, being an Irish company, files this form to disclose material information, such as this share repurchase, to U.S. investors and markets.

Based on the volume of 68,000 shares and the price range of EUR23.75 to EUR24.00, the total value of the shares repurchased is between EUR1,615,000 (68,000 * EUR23.75) and EUR1,632,000 (68,000 * EUR24.00).