8-K

CRH PUBLIC LTD CO 8-K Report (May 30, 2008)

Filed May 30, 2008For Securities:CRH

Summary

CRH plc announced on May 30, 2008, that it repurchased 114,000 of its ordinary shares on May 29, 2008, through UBS Limited. These shares were bought at prices ranging from €23.339 to €23.90 per share and will be held as treasury shares. This activity is part of the company's ongoing share repurchase program. Following this transaction, CRH plc now holds a total of 11,437,463 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 536,682,973. This information is important for investors as it indicates the company's capital management strategy and its potential return of capital to shareholders.

Key Highlights

  • 1CRH plc repurchased 114,000 ordinary shares on May 29, 2008.
  • 2The repurchases were executed by UBS Limited on behalf of CRH plc.
  • 3Share purchase prices ranged from €23.339 to €23.90 per ordinary share.
  • 4The repurchased shares will be held as treasury shares.
  • 5Following the transaction, CRH plc holds 11,437,463 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, is 536,682,973.

Frequently Asked Questions

Share repurchases can signal that a company believes its stock is undervalued, and they can increase earnings per share (EPS) by reducing the number of outstanding shares. It's a way for the company to return capital to shareholders.

Treasury shares are shares that a company has repurchased from the open market but has not retired. They can be reissued later for various purposes, such as stock options for employees or for acquisitions. Holding shares in treasury does not count towards the number of shares outstanding for calculating EPS.

This specific transaction reduced the number of shares outstanding by 114,000. The total number of shares held in treasury increased, and the number of shares available to the public decreased.

CRH plc is a foreign issuer and is filing a Form 6-K, which is a report of foreign private issuers with the SEC. It's used to furnish information that the company may make or is required to make public pursuant to the laws of its home country, or that it may distribute or is required to distribute to its security holders.