Summary
This 8-K filing from CRH Public Limited Company (CRH) reports on a share repurchase program executed on August 1, 2008. The company, through its agent Davy, purchased 47,000 ordinary shares at prices ranging from €16.23 to €16.43 per share. These repurchased shares are designated to be held as Treasury Shares. Following this transaction, CRH now holds a total of 13,913,520 ordinary shares in Treasury. The number of outstanding ordinary shares, excluding these treasury shares, stands at 534,206,916. This action signals CRH's intent to manage its capital structure and potentially return value to shareholders.
Key Highlights
- 1CRH conducted a share repurchase on August 1, 2008.
- 2A total of 47,000 ordinary shares were purchased.
- 3The average purchase price per share was between €16.23 and €16.43.
- 4The repurchased shares will be held as Treasury Shares.
- 5CRH now holds 13,913,520 ordinary shares in Treasury.
- 6The total number of outstanding shares, excluding treasury shares, is 534,206,916.
Frequently Asked Questions
This 8-K filing reports on CRH's share repurchase activity and updates the number of shares held in treasury and outstanding shares.
Companies often repurchase shares to reduce the number of outstanding shares, which can increase earnings per share (EPS), signal that management believes the stock is undervalued, or to offset dilution from stock options.
Treasury Shares are shares that a company has repurchased from the open market but has not yet retired or cancelled. They are no longer considered outstanding and do not carry voting rights or receive dividends.
The repurchase reduces the total number of outstanding shares by 47,000. The total number of shares held in treasury increases, while the number of shares in issue (excluding treasury shares) decreases.