CRH completes latest phase of Buyback Programme

Rhea-AI Summary

CRH plc has completed an additional phase of its share buyback program, returning $0.3 billion to shareholders. A total of 5.8 million ordinary shares were repurchased from March 8 to June 24, 2021, at an average discount of 1.03% to the period's volume weighted average price. This brings the total cash returned under the ongoing buyback program to $2.3 billion since May 2018, signaling a strong commitment to enhancing shareholder value. Further buybacks are currently under consideration.

Positive

• Return of $0.3 billion to shareholders enhances shareholder value.
• Total of $2.3 billion returned since May 2018 reflects strong financial health.
• Continued consideration of further share buybacks indicates confidence in future performance.

Negative

• None.

DUBLIN, IRELAND / ACCESSWIRE / June 28, 2021 / CRH plc, the leading building materials business in the world, is pleased to announce that it has completed the latest phase of its share buyback programme, returning a further $0.3 billion of cash to shareholders.

Between 8 March and 24 June 2021, 5.8 million ordinary shares were repurchased on Euronext Dublin at an average discount of 1.03% to the volume weighted average price over the period.

This brings total cash returned to shareholders under our ongoing share buyback programme to $2.3 billion since its commencement in May 2018. Further share buybacks are under active consideration.

****

Contact CRH at Dublin 404 1000 (+353 1 404 1000)

Albert Manifold	Chief Executive
Jim Mintern	Finance Director
Frank Heisterkamp	Director of Capital Markets & ESG
Tom Holmes	Head of Investor Relations

About CRH

CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, employing c.77,000 people at c.3,100 operating locations in 29 countries. It is the largest building materials business in North America and Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH's American Depositary Shares are listed on the NYSE. For more information visit www.crh.com.

Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin 2, R02 R279, Ireland

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: CRH PLC

View source version on accesswire.com:
https://www.accesswire.com/653271/CRH-completes-latest-phase-of-Buyback-Programme

FAQ

What is the latest share buyback amount announced by CRH?

CRH announced a $0.3 billion share buyback completed between March 8 and June 24, 2021.

How much total cash has CRH returned to shareholders through buybacks?

CRH has returned a total of $2.3 billion to shareholders under its buyback program since May 2018.

What was the average discount for the shares repurchased by CRH?

The shares were repurchased at an average discount of 1.03% to the volume weighted average price.

Are there plans for more share buybacks from CRH in the future?

Yes, further share buybacks are currently under active consideration by CRH.