8-K

CRH PUBLIC LTD CO 8-K Report (Mar 13, 2020)

Filed March 13, 2020For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced the completion of a significant phase of its share buyback program, returning an additional €200 million in cash to its shareholders. This buyback activity, which occurred between January 7 and March 10, 2020, involved the repurchase of 6.0 million ordinary shares on Euronext Dublin at an average discount to the volume-weighted average price. This latest return of capital further strengthens CRH's commitment to shareholder returns, bringing the total cash distributed through its ongoing share buyback program to €1.8 billion since its inception in May 2018. The company indicated that further share repurchases are under active consideration, signaling a continued focus on enhancing shareholder value.

Key Highlights

  • 1CRH completed a share buyback program phase, returning €200 million to shareholders.
  • 2The buyback occurred between January 7 and March 10, 2020.
  • 36.0 million ordinary shares were repurchased on Euronext Dublin.
  • 4Shares were bought at an average discount of 1.35% to the volume weighted average price.
  • 5Total cash returned to shareholders via the buyback program since May 2018 is now €1.8 billion.
  • 6CRH is actively considering further share buybacks.

Frequently Asked Questions

Since the commencement of the buyback program in May 2018, CRH has returned a total of €1.8 billion in cash to shareholders.

The latest phase of the share buyback program took place between January 7, 2020, and March 10, 2020.

Yes, CRH stated that further share buybacks are under active consideration, indicating a potential continuation of the program to return capital to shareholders.

The shares were repurchased on Euronext Dublin.