Summary
CRH Public Limited Company announced on September 20, 2022, the completion of a recent share buyback program, returning an additional $0.3 billion in cash to shareholders. During the period from June 16, 2022, to September 19, 2022, the company repurchased 8.2 million ordinary shares on Euronext Dublin. This latest phase brings the total cash returned to shareholders under its ongoing buyback program to a significant $3.8 billion since May 2018, demonstrating a consistent commitment to capital return. Furthermore, CRH has initiated a new share repurchase program with UBS A.G., London Branch, for a maximum consideration of $300 million, commencing on September 20, 2022, and concluding no later than December 16, 2022. These repurchases, conducted on Euronext Dublin, are intended to reduce share capital and are executed under pre-set parameters, ensuring they operate independently of CRH's direct trading decisions. The company continues to manage its capital effectively, balancing shareholder returns with ongoing business needs and market conditions.
Key Highlights
- 1CRH completed a share buyback program, returning $0.3 billion to shareholders between June 16, 2022, and September 19, 2022.
- 28.2 million ordinary shares were repurchased on Euronext Dublin during this period.
- 3Total cash returned to shareholders via the ongoing share buyback program now stands at $3.8 billion since May 2018.
- 4A new share buyback program of up to $300 million has been initiated, commencing September 20, 2022, and ending by December 16, 2022.
- 5The new buyback program is being conducted through arrangements with UBS A.G., London Branch, with independent trading decisions made by UBS.
- 6Repurchased shares will be held in treasury pending potential cancellation or re-issuance.
- 7The buyback program operates within the authority granted at the AGM and relevant regulatory frameworks, including EU and UK market abuse regulations.