8-K

CRH PUBLIC LTD CO 8-K Report (Jul 28, 2008)

Filed July 28, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K on July 28, 2008, to report on a transaction involving its own shares. The company announced that on July 25, 2008, UBS Limited purchased 47,998 ordinary shares on CRH's behalf. These shares were acquired at prices ranging from €16.622 to €17.05 per share and will be held as treasury shares. Following this repurchase, CRH now holds a total of 13,468,970 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 534,651,466. This action indicates CRH's engagement in share buybacks, a move often made to return capital to shareholders or to manage its capital structure.

Key Highlights

  • 1CRH plc engaged in a share repurchase program.
  • 2On July 25, 2008, 47,998 ordinary shares were purchased by UBS Limited on behalf of CRH.
  • 3The repurchase prices ranged from €16.622 to €17.05 per ordinary share.
  • 4The repurchased shares will be held as treasury shares.
  • 5Following the transaction, CRH holds 13,468,970 ordinary shares in treasury.
  • 6The total number of CRH ordinary shares in issue (excluding treasury shares) is 534,651,466.

Frequently Asked Questions

Share repurchases can signal management's confidence in the company's valuation, potentially increase earnings per share by reducing the number of outstanding shares, and return capital to shareholders. Investors should monitor these buybacks in conjunction with the company's overall financial health and capital allocation strategy.

Treasury shares are shares that a company has bought back from the open market. They are no longer considered outstanding shares and do not receive dividends or voting rights. Companies hold treasury shares for various reasons, including employee stock option plans, potential future acquisitions, or to offset dilution from stock issuances.

The repurchase reduced the number of outstanding shares by 47,998 on July 25, 2008. The total number of shares held in treasury increased to 13,468,970, and the number of shares in issue available to the public is now 534,651,466.