8-K

CRH PUBLIC LTD CO 8-K Report (Jul 15, 2008)

Filed July 15, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on July 15, 2008, reporting a transaction in its own shares. The company announced that on July 14, 2008, UBS Limited purchased 96,180 ordinary shares on behalf of CRH at prices ranging from €15.16 to €15.48 per share. These repurchased shares are to be held as Treasury Shares. This repurchase activity indicates the company's ongoing share buyback program. Following these transactions, CRH now holds a total of 13,135,385 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 534,985,051. Investors should note this activity as a potential indicator of management's confidence in the company's valuation and a way to return capital to shareholders.

Key Highlights

  • 1CRH plc conducted a share repurchase on July 14, 2008.
  • 296,180 ordinary shares were purchased on behalf of the company.
  • 3The repurchase price ranged from €15.16 to €15.48 per share.
  • 4The acquired shares will be held as Treasury Shares.
  • 5Following the repurchase, CRH holds 13,135,385 shares in Treasury.
  • 6The number of outstanding ordinary shares (excluding treasury shares) is 534,985,051.

Frequently Asked Questions

This Form 6-K filing reports on CRH plc's transaction in its own shares, specifically detailing a share repurchase conducted on July 14, 2008, as part of its ongoing share repurchase program.

Treasury Shares are shares that a company has repurchased from the open market. They are no longer considered outstanding and do not have voting rights or the right to receive dividends. Companies hold treasury shares for various purposes, such as fulfilling stock options, for future acquisitions, or to offset dilution from employee stock plans. Holding treasury shares can also impact earnings per share calculations.

The total number of treasury shares (13,135,385) represents the cumulative repurchases by the company. The number of outstanding shares (534,985,051) is the figure used for calculating metrics like market capitalization and earnings per share. A reduction in outstanding shares due to buybacks can signal management's belief that the stock is undervalued and a commitment to returning capital to shareholders, potentially boosting EPS.

The share repurchase was executed by UBS Limited on behalf of CRH plc.