Summary
CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On June 13, 2008, the company repurchased 50,000 ordinary shares at prices ranging from €19.85 to €20.07 per share. These repurchased shares will be held as treasury shares. Following this repurchase, CRH now holds a total of 11,908,373 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 536,212,033. This announcement details a specific buyback activity undertaken by the company as part of its ongoing share repurchase program.
Key Highlights
- 1CRH plc repurchased 50,000 ordinary shares on June 13, 2008.
- 2The share repurchase was executed by Davy on behalf of CRH.
- 3The purchase prices per share ranged between €19.85 and €20.07.
- 4The repurchased shares will be held as treasury shares.
- 5Following the transaction, CRH holds 11,908,373 ordinary shares in treasury.
- 6The number of ordinary shares currently in issue (excluding treasury shares) is 536,212,033.
Frequently Asked Questions
This Form 6-K filing is to report a specific transaction involving CRH's own shares, namely a share repurchase program, to the Securities and Exchange Commission.
The filing indicates this is part of CRH's share repurchase program. Companies often repurchase shares to return value to shareholders, reduce the number of outstanding shares (potentially increasing earnings per share), or to offset dilution from employee stock options.
Treasury shares are shares that a company has repurchased from the open market. They are no longer outstanding and do not carry voting rights or receive dividends. Companies can hold them for various purposes, such as reissuing them for employee stock plans or future acquisitions.
The repurchase reduces the total number of shares outstanding. After this transaction, the number of shares in issue, excluding treasury shares, is 536,212,033, down from the previous total before the 50,000 share repurchase.