8-K

CRH PUBLIC LTD CO 8-K Report (Sep 11, 2008)

Filed September 11, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 11, 2008, to report on a transaction involving its own shares. The company announced that on September 10, 2008, UBS Limited purchased 60,997 ordinary shares on behalf of CRH. These shares were bought at prices ranging from €18.35 to €18.75 per share and will be held as treasury shares. This repurchase activity is significant as it indicates CRH's management's confidence in the company's valuation and its commitment to returning value to shareholders. The acquisition of treasury shares can also influence earnings per share calculations and provide flexibility for future corporate actions. Investors should note the scale of the repurchase in the context of the total shares outstanding.

Key Highlights

  • 1CRH plc repurchased 60,997 ordinary shares on September 10, 2008.
  • 2The shares were purchased by UBS Limited on behalf of the company.
  • 3The repurchase price per share ranged between €18.35 and €18.75.
  • 4The acquired shares will be held as treasury shares.
  • 5Following this transaction, CRH plc holds 15,194,837 ordinary shares in treasury.
  • 6The number of ordinary shares in issue, excluding treasury shares, is 532,925,599.

Frequently Asked Questions

Share repurchases, or treasury share acquisitions, can signal management's belief that the company's stock is undervalued. It also increases the proportional ownership of remaining shareholders and can boost earnings per share (EPS) by reducing the number of shares outstanding. Additionally, treasury shares provide flexibility for future use, such as employee stock option plans or acquisitions.

Following the recent transaction, CRH plc holds a total of 15,194,837 ordinary shares in treasury.

The total number of ordinary shares in issue, excluding the treasury shares, is 532,925,599.

Form 6-K is used by foreign private issuers (like CRH, based in Ireland) to report certain information that they have made or are required to make public in their home country, are filing or are required to file with a stock exchange, or are distributing to their security holders. In this case, CRH is reporting on a transaction involving its own shares, which is a significant corporate event.