8-K

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

Filed August 15, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 15, 2008, to report on a share repurchase transaction executed on August 14, 2008. The company, through its agent Davy, purchased 80,000 ordinary shares at prices ranging from €18.08 to €18.26 per share. These repurchased shares will be held in treasury. This transaction is significant as it indicates CRH's ongoing commitment to returning value to shareholders through share buybacks. Following this repurchase, CRH now holds 14,307,423 ordinary shares in treasury, with 533,813,013 ordinary shares remaining in issue. Investors should note the price range of the repurchase, which provides a potential indicator of management's valuation of the company's stock at that time.

Key Highlights

  • 1CRH plc executed a share repurchase on August 14, 2008, buying back 80,000 ordinary shares.
  • 2The shares were purchased by Davy on behalf of CRH plc.
  • 3The repurchase price per share ranged between €18.08 and €18.26.
  • 4The repurchased shares will be held as Treasury Shares.
  • 5Following the transaction, CRH plc holds a total of 14,307,423 ordinary shares in treasury.
  • 6The number of ordinary shares outstanding (excluding treasury shares) is 533,813,013.

Frequently Asked Questions

The filing indicates CRH repurchased its shares as part of a share repurchase program. This is a common strategy for companies to return value to shareholders, potentially increase earnings per share, and signal management's confidence in the company's stock valuation.

Treasury Shares are shares that a company has repurchased from the open market. They are not considered outstanding shares and do not have voting rights or receive dividends. Companies hold treasury shares for various purposes, such as reissuing them for employee stock options, acquisitions, or future share repurchase programs.

After this transaction, CRH plc holds a total of 14,307,423 ordinary shares in treasury.

The repurchase reduces the number of outstanding shares. Excluding the treasury shares, CRH has 533,813,013 ordinary shares currently in issue.