8-K

CRH PUBLIC LTD CO 8-K Report (Jun 18, 2008)

Filed June 18, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 18, 2008, reporting a transaction in its own shares. On June 17, 2008, the company repurchased 60,000 ordinary shares at prices ranging from €19.17 to €19.80 per share. These shares will be held as treasury shares. This share repurchase activity indicates that CRH views its stock as undervalued or aims to return capital to shareholders. Investors should note the total number of shares held in treasury has increased, which can impact diluted earnings per share calculations and signals management's confidence in the company's financial health and future prospects.

Key Highlights

  • 1CRH plc repurchased 60,000 ordinary shares on June 17, 2008.
  • 2The purchase price per share ranged from €19.17 to €19.80.
  • 3The repurchased shares will be held as treasury shares.
  • 4Following this transaction, CRH plc holds a total of 12,068,373 ordinary shares in treasury.
  • 5The number of outstanding ordinary shares (excluding treasury shares) is 536,052,063.

Frequently Asked Questions

Share repurchases can signal that the company believes its stock is undervalued, or it can be a way to return excess capital to shareholders. It also reduces the number of outstanding shares, which can increase earnings per share (EPS) if earnings remain constant.

Treasury shares are shares that a company has bought back from the open market. They are no longer considered outstanding shares and do not carry voting rights or the right to receive dividends. Companies may hold them for various reasons, such as to reissue them for employee stock options or for future acquisitions.

The repurchase of 60,000 shares reduces the total number of outstanding shares. The filing states that after the transaction, CRH holds 12,068,373 ordinary shares in treasury, with 536,052,063 ordinary shares in issue (excluding treasury shares).

This filing specifically reports a single transaction on June 17, 2008, as part of a broader 'Share Repurchase Programme.' It details a specific purchase but doesn't outline the full scope or duration of the entire program.