Summary
CRH Public Limited Company (CRH) has filed a Form 6-K on July 14, 2008, reporting on a transaction involving its own shares. On July 11, 2008, CRH, through UBS Limited, repurchased 140,000 ordinary shares at prices ranging from €14.51 to €15.70 per share. These repurchased shares are intended to be held as treasury shares.
Key Highlights
- 1CRH plc repurchased 140,000 ordinary shares on July 11, 2008.
- 2The share repurchases were conducted by UBS Limited on behalf of CRH plc.
- 3The price per share ranged between €14.51 and €15.70.
- 4The repurchased shares will be held as treasury shares.
- 5Following the transaction, CRH plc holds 13,039,205 ordinary shares in treasury.
- 6The total number of ordinary shares in issue, excluding treasury shares, is 535,081,231.
Frequently Asked Questions
The filing does not explicitly state the reason for the share repurchase program. However, companies often repurchase shares to return value to shareholders, potentially increase earnings per share, or for other strategic corporate finance reasons.
Treasury shares are shares that a company has repurchased from the open market but has not yet canceled. Companies hold treasury shares for various purposes, such as to satisfy employee stock options, to use in future acquisitions, or to support the stock price.
While the total number of ordinary shares *in issue* is 535,081,231 (excluding treasury shares), the repurchase reduces the number of shares available to the public. The total number of shares *authorized* by the company remains unchanged, but the shares held in treasury are not considered outstanding for calculating metrics like earnings per share.
The filing provides the price range (€14.51 to €15.70) and the number of shares (140,000), but not the exact total cost. To calculate an approximate total cost, one could multiply the number of shares by the average price within the given range.