8-K

CRH PUBLIC LTD CO 8-K Report (Aug 19, 2008)

Filed August 19, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 19, 2008, to report on a transaction involving its own shares. On August 18, 2008, the company, through its agent Davy, repurchased 61,829 ordinary shares at prices ranging from €18.23 to €18.60 per share. These repurchased shares are designated as Treasury Shares. This repurchase activity reduces the number of outstanding shares available to the public. Following this transaction, CRH holds a total of 14,499,752 ordinary shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 533,620,684. This information is relevant for investors assessing the company's capital structure and share count.

Key Highlights

  • 1CRH plc repurchased 61,829 ordinary shares on August 18, 2008.
  • 2The share repurchases were conducted by Davy on behalf of CRH.
  • 3The purchase prices for the shares ranged between €18.23 and €18.60.
  • 4The repurchased shares will be held as Treasury Shares by CRH.
  • 5Following the transaction, CRH holds 14,499,752 ordinary shares in Treasury.
  • 6The number of ordinary shares currently in issue (excluding Treasury Shares) is 533,620,684.

Frequently Asked Questions

This filing (Form 6-K) serves to inform the SEC and investors about CRH plc's recent transaction involving the repurchase of its own shares and to update the company's treasury share and issued share counts.

Companies often repurchase shares to reduce the number of outstanding shares, which can potentially increase earnings per share (EPS) and signal management's confidence in the company's valuation. The shares are held as treasury shares and can be reissued later or cancelled.

Treasury shares are shares that a company has bought back from the open market but has not yet retired or cancelled. They do not have voting rights and do not receive dividends. Holding shares in treasury reduces the total number of outstanding shares in circulation.

The repurchase of 61,829 shares reduces the number of shares outstanding that are available to the public. The filing clarifies the new total number of shares held in treasury and the net number of shares in issue.