8-K

CRH PUBLIC LTD CO 8-K Report (Sep 29, 2008)

Filed September 29, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 29, 2008, to report on its share repurchase program. The company announced that on September 26, 2008, UBS Limited purchased 68,000 ordinary shares on behalf of CRH. These shares were acquired at prices ranging from €16.216 to €16.99 per share and will be held as treasury shares. This repurchase activity indicates CRH's commitment to managing its capital structure and potentially returning value to shareholders. As of the filing date, CRH held 16,465,635 ordinary shares in treasury, with 531,654,801 ordinary shares remaining in issue. Investors should note this ongoing activity as it can impact earnings per share and overall share count.

Key Highlights

  • 1CRH announced a share repurchase transaction executed on September 26, 2008.
  • 268,000 ordinary shares were purchased on behalf of CRH.
  • 3The average purchase price for these shares was between €16.216 and €16.99.
  • 4The repurchased shares will be held as treasury shares.
  • 5Following this transaction, CRH holds 16,465,635 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, stands at 531,654,801.

Frequently Asked Questions

Companies often repurchase shares to reduce the number of outstanding shares, which can increase earnings per share (EPS) and potentially boost the stock price. It can also be a way to return capital to shareholders when the company believes its stock is undervalued or to offset dilution from employee stock options.

Treasury shares are shares that a company has bought back from the open market but has not retired. These shares do not have voting rights and do not receive dividends. Holding shares in treasury reduces the number of shares outstanding for EPS calculations and can be reissued later.

The repurchase of 68,000 shares reduces the total number of shares outstanding. The filing specifies that after this transaction, CRH holds 16,465,635 shares in treasury, and the number of shares in issue (excluding treasury shares) is 531,654,801. This reduction can positively impact metrics like EPS.

This filing reports a specific transaction that occurred on September 26, 2008, as part of CRH's share repurchase program. The filing indicates a previous accumulation of treasury shares, suggesting this is an ongoing program to manage capital.