8-K

CRH PUBLIC LTD CO 8-K Report (May 13, 2008)

Filed May 13, 2008For Securities:CRH

Summary

CRH plc, a leading diversified building materials group, announced a share repurchase transaction executed on May 12, 2008. The company, through its agent UBS Limited, purchased 50,000 ordinary shares at prices ranging from €23.89 to €24.28 per share. These repurchased shares are designated to be held as Treasury Shares. This transaction increases CRH's total holdings of treasury shares to 10,325,846. The number of outstanding ordinary shares, excluding treasury shares, is now 537,794,590. This repurchase activity signals the company's ongoing strategy to manage its capital structure and potentially return value to shareholders by reducing the number of shares in circulation.

Key Highlights

  • 1CRH plc repurchased 50,000 ordinary shares on May 12, 2008.
  • 2The share purchases were executed by UBS Limited on behalf of CRH.
  • 3The average purchase price per share was between €23.89 and €24.28.
  • 4The repurchased shares will be held as Treasury Shares.
  • 5Following the transaction, CRH holds 10,325,846 Ordinary Shares in Treasury.
  • 6The total number of ordinary shares in issue (excluding Treasury Shares) is now 537,794,590.
  • 7This action is part of CRH's share repurchase program.

Frequently Asked Questions

The transaction is part of CRH's ongoing share repurchase program. Companies typically conduct share repurchases to reduce the number of outstanding shares, which can increase earnings per share, signal confidence in the company's valuation, and potentially return capital to shareholders.

CRH repurchased 50,000 ordinary shares on May 12, 2008, at prices ranging from €23.89 to €24.28 per share.

Treasury Shares are shares that a company has repurchased from the open market. These shares are not considered outstanding and do not have voting rights or receive dividends. Companies hold them for various purposes, such as to reissue them for employee stock options or acquisitions, or to reduce the number of outstanding shares.

After this repurchase, CRH holds 10,325,846 shares in treasury. The number of shares in circulation, available for trading by the public, is now 537,794,590.