8-K

CRH PUBLIC LTD CO 8-K Report (Jun 23, 2008)

Filed June 23, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 23, 2008, reporting a transaction in its own shares. On June 20, 2008, the company, through its agent Davy, repurchased 111,000 ordinary shares at prices ranging from €18.739 to €19.18 per share. These repurchased shares are designated as Treasury Shares. This repurchase activity indicates that CRH is actively managing its share count. Following this transaction, the company holds 12,117,119 ordinary shares in treasury, with the total number of outstanding shares (excluding treasury shares) standing at 536,003,317. Investors should note this information as it can impact earnings per share and signals management's view on the company's valuation.

Key Highlights

  • 1CRH plc repurchased 111,000 ordinary shares on June 20, 2008.
  • 2The share repurchases were conducted by Davy on behalf of CRH plc.
  • 3The purchase prices for the ordinary shares ranged between €18.739 and €19.18.
  • 4The acquired shares will be held as Treasury Shares.
  • 5Following the transaction, CRH plc holds 12,117,119 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, is 536,003,317.

Frequently Asked Questions

Share repurchases can signal that management believes the company's stock is undervalued. It also reduces the number of outstanding shares, which can increase earnings per share (EPS) and potentially boost the stock price.

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

The repurchase of 111,000 shares reduces the number of outstanding shares. After this transaction, CRH has 536,003,317 ordinary shares in issue (excluding the 12,117,119 shares held in treasury).

Based on the number of shares (111,000) and the price range (€18.739 to €19.18), the total value of the repurchased shares is approximately between €2,060,000 and €2,110,000.