8-K

CRH PUBLIC LTD CO 8-K Report (Jun 28, 2021)

Filed June 28, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced the completion of a significant phase of its share buyback program. This latest tranche, conducted between March 8 and June 24, 2021, involved repurchasing 5.8 million ordinary shares on Euronext Dublin, returning an additional $0.3 billion to shareholders. This initiative underscores CRH's commitment to enhancing shareholder returns, bringing the total cash returned through the ongoing buyback program to an impressive $2.3 billion since its inception in May 2018. Investors should note that the company has indicated that further share buybacks are under active consideration, suggesting a continued focus on capital allocation strategies aimed at benefiting shareholders. The completion of this phase demonstrates CRH's robust financial capacity and its ongoing strategy to optimize its capital structure and reward its investors.

Key Highlights

  • 1CRH has completed a latest phase of its share buyback program, returning $0.3 billion to shareholders.
  • 2The buyback occurred between March 8 and June 24, 2021, involving the repurchase of 5.8 million ordinary shares.
  • 3Shares were repurchased on Euronext Dublin at an average discount of 1.03% to the volume weighted average price.
  • 4Total cash returned to shareholders under the ongoing program now stands at $2.3 billion since May 2018.
  • 5CRH is actively considering further share buybacks, indicating continued commitment to shareholder returns.
  • 6The company is a leading global building materials business with significant operations in North America and Europe.

Frequently Asked Questions

This filing (Form 6-K) is to announce that CRH Public Limited Company has successfully completed a recent phase of its ongoing share buyback program, thereby returning more capital to its shareholders.

In the latest completed phase (March 8 to June 24, 2021), CRH returned $0.3 billion. The total cash returned to shareholders under the ongoing share buyback program since its commencement in May 2018 has reached $2.3 billion.

Yes, the company has stated that further share buybacks are under active consideration, suggesting a continued strategy of returning capital to shareholders.

The shares were repurchased on Euronext Dublin. They were bought at an average discount of 1.03% to the volume weighted average price over the specified period.