8-K

CRH PUBLIC LTD CO 8-K Report (Jul 16, 2008)

Filed July 16, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on July 16, 2008, to report a transaction in its own shares. On July 15, 2008, the company repurchased 100,000 ordinary shares at prices ranging from €14.30 to €15.00 per share. These shares were purchased by UBS Limited on behalf of CRH and will be held as treasury shares. This buyback activity signifies the company's ongoing share repurchase program, a strategy often employed to return capital to shareholders, potentially increase earnings per share, and signal management's confidence in the company's valuation. Investors should note the total number of shares held in treasury post-transaction and the remaining shares outstanding, as these figures impact ownership percentages and financial metrics.

Key Highlights

  • 1CRH plc repurchased 100,000 ordinary shares on July 15, 2008.
  • 2The share repurchase occurred at prices between €14.30 and €15.00 per share.
  • 3UBS Limited executed the transaction on behalf of CRH plc.
  • 4The repurchased shares will be held as treasury shares.
  • 5Following the transaction, CRH plc holds 13,235,385 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, stands at 534,885,051.

Frequently Asked Questions

While the filing doesn't explicitly state the purpose, share repurchases are typically undertaken to return capital to shareholders, potentially increase earnings per share (EPS) by reducing the number of outstanding shares, and signal management's belief that the company's stock is undervalued.

CRH bought back 100,000 ordinary shares on July 15, 2008, with prices ranging from €14.30 to €15.00 per share.

After this transaction, CRH plc holds a total of 13,235,385 ordinary shares in treasury.

Following the repurchase, CRH plc has 534,885,051 ordinary shares in issue, excluding those held in treasury.