8-K

CRH PUBLIC LTD CO 8-K Report (Aug 26, 2008)

Filed August 26, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on August 26, 2008, detailing a transaction in its own shares. The primary purpose of this filing is to inform the market about the company's ongoing share repurchase program. Specifically, on August 22, 2008, CRH repurchased 135,000 ordinary shares at prices ranging from €16.65 to €17.08 per share, which will be held as treasury shares. This repurchase activity signals CRH's intent to manage its capital structure and potentially return value to shareholders. As of the filing date, CRH holds a significant number of ordinary shares in treasury (14,930,295), with the remaining shares in issue standing at 533,190,141. Investors should note this as part of the company's broader strategy for share buybacks and capital allocation.

Key Highlights

  • 1CRH plc repurchased 135,000 ordinary shares on August 22, 2008.
  • 2The share repurchases occurred at prices between €16.65 and €17.08 per share.
  • 3The acquired shares will be held as Treasury Shares.
  • 4Following the transaction, CRH holds 14,930,295 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding Treasury Shares, is 533,190,141.
  • 6The filing was made on August 26, 2008, reporting an event date of August 25, 2008.

Frequently Asked Questions

CRH repurchased its shares as part of an ongoing share repurchase program. Companies typically undertake share repurchases to return capital to shareholders, reduce the number of outstanding shares (potentially increasing earnings per share), or signal confidence in the company's valuation.

Treasury Shares are shares that a company has repurchased from the open market and holds. These shares are no longer outstanding and do not carry voting rights or receive dividends. They can be reissued later, used for employee stock options, or canceled.

The repurchase reduces the number of shares in issue. While the total number of shares owned by the company increases (as they are held in treasury), the number of shares available for trading by the public decreases. This filing specifies that after the transaction, CRH holds 14,930,295 treasury shares and has 533,190,141 shares in issue (excluding treasury shares).

The price range indicates the market valuation of CRH's shares at the time of the repurchase. Investors can compare these prices to the current market price and historical valuations to understand the company's perception of its share value and the cost of its buyback program.