Summary
CRH Public Limited Company (CRH) announced on October 22, 2018, the completion of the second phase of its share buyback program. This phase involved repurchasing approximately €350 million worth of ordinary shares between August 29 and October 18, 2018, on the London Stock Exchange and Euronext Dublin. The completion of this phase brings the total cash returned to shareholders under the company's ongoing €1 billion share buyback program to around €700 million. The company indicated that the remaining portion of the buyback program is under active consideration, with further details to be announced later. This action demonstrates CRH's commitment to returning capital to its shareholders.
Key Highlights
- 1CRH completed Phase 2 of its share buyback program, returning an additional €350 million to shareholders.
- 2The buyback occurred between August 29 and October 18, 2018, repurchasing 12.5 million ordinary shares.
- 3Shares were bought on the London Stock Exchange and Euronext Dublin at an average discount of 1.3% to the volume weighted average price.
- 4Total cash returned to shareholders under the ongoing €1 billion program now stands at approximately €700 million.
- 5The remaining part of the €1 billion buyback program is under active review, with future announcements expected.
- 6This filing is an 8-K Current Report (reported as Form 6-K for foreign private issuers).
Frequently Asked Questions
This filing, a Form 6-K (equivalent to an 8-K for foreign private issuers), announces that CRH has successfully completed the second phase of its share buyback program.
With the completion of Phase 2, CRH has returned approximately €700 million to shareholders under its ongoing €1 billion share buyback program.
The filing states that the remaining portion of the buyback program is under active consideration, and further details will be announced in due course. No specific timeline is provided.
CRH repurchased shares on the London Stock Exchange and Euronext Dublin.