8-K

CRH PUBLIC LTD CO 8-K Report (Jul 30, 2008)

Filed July 30, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on July 30, 2008, to report a transaction in its own shares. On July 29, 2008, the company repurchased 152,830 ordinary shares at prices ranging from €15.96 to €16.20 per share. These shares were purchased by Davy on behalf of CRH and will be held as treasury shares. This share repurchase activity indicates CRH's strategy to manage its capital structure and potentially return value to shareholders. Following this transaction, CRH now holds 13,676,800 ordinary shares in treasury, with the total number of shares outstanding (excluding treasury shares) being 534,443,636. Investors should note this activity as part of CRH's ongoing capital allocation decisions.

Key Highlights

  • 1CRH plc repurchased 152,830 ordinary shares on July 29, 2008.
  • 2The share repurchase was executed by Davy on behalf of CRH.
  • 3Purchased shares were acquired at prices between €15.96 and €16.20 per share.
  • 4The repurchased shares will be held as treasury shares.
  • 5CRH plc now holds 13,676,800 ordinary shares in treasury.
  • 6The number of ordinary shares in issue (excluding treasury shares) is 534,443,636.
  • 7This filing is a report of foreign issuer (Form 6-K) and not an annual report (Form 20-F).

Frequently Asked Questions

Share repurchases, also known as a share buyback program, can signal that a company believes its stock is undervalued. It can also be a way to return capital to shareholders without increasing dividends, and it can boost earnings per share (EPS) by reducing the number of outstanding shares.

Treasury shares are shares that a company has repurchased from the open market. They are not considered outstanding shares for the purpose of calculating earnings per share or voting rights, and they do not receive dividends. Companies can hold treasury shares for various purposes, such as fulfilling stock option obligations or future acquisitions.

The repurchase reduces the total number of shares outstanding that are held by the public. While CRH repurchased 152,830 shares, these are now held in treasury. The filing states that the number of ordinary shares in issue, *excluding* treasury shares, is 534,443,636, indicating a slight reduction in actively traded shares.