CRH Continues Share Buyback Programme

Rhea-AI Summary

CRH plc has completed a significant phase of its share buyback program, returning an additional $0.3 billion to shareholders. From March 17 to June 15, 2022, 7.6 million ordinary shares were repurchased at an average discount of 1.63%. This brings the total cash returned since May 2018 to $3.5 billion. A new buyback of up to $300 million will begin today and end by September 30, 2022, with the aim to reduce share capital. Shares will be repurchased on Euronext Dublin under specific guidelines.

Positive

• Total cash returned to shareholders reaches $3.5 billion since the start of the buyback program.
• New buyback program of up to $300 million initiated to further enhance shareholder value.

Negative

• None.

DUBLIN, IRELAND / ACCESSWIRE / June 16, 2022 / CRH plc, the global leader in building materials solutions, 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 17 March 2022 and 15 June 2022, 7.6 million ordinary shares were repurchased on Euronext Dublin at an average discount of 1.63% to the volume weighted average price over the period.

This brings total cash returned to shareholders under our ongoing share buyback programme to $3.5 billion since its commencement in May 2018.

CRH today also announces that it has entered into arrangements with UBS A.G., London Branch ("UBS") to repurchase ordinary shares on CRH's behalf for a maximum consideration of $300 million (the "Buyback"). The Buyback will commence today, 16 June 2022, and will end no later than 30 September 2022.

Under the terms of the Buyback, ordinary shares will be repurchased on Euronext Dublin. CRH has entered into non-discretionary instructions with UBS, acting as principal, to conduct the Buyback on CRH's behalf and to make trading decisions under the Buyback independently of CRH in accordance with certain pre-set parameters.

The purpose of the Buyback is to reduce the share capital of CRH and it will be conducted within the limitations of the authority granted at CRH's AGM on 28 April 2022 to repurchase up to 10% of the Company's ordinary shares in issue (being 64,027,824 ordinary shares following the completion of the latest phase of the buyback programme).

The Buyback will also be conducted within the parameters prescribed by the Commission Delegated Regulation (EU) 2016/1052 and the Market Abuse Regulation 596/2014 (including as it forms part of retained EU law in the United Kingdom ("UK") from time to time, and, where relevant, pursuant to the UK's European Union (Withdrawal) Act 2018 and the UK's Market Abuse (Amendment) (EU Exit) Regulations 2019) and Chapter 12 of the UK Financial Conduct Authority's Listing Rules. The repurchased ordinary shares will be held in treasury pending their cancellation or re-issue in due course.

Any decision in relation to any future buyback programmes will be based on an ongoing assessment of the capital needs of the business and general market conditions.

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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.71,000 people at c.3,200 operating locations in 28 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

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SOURCE: CRH PLC

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FAQ

What is the amount of the new share buyback program by CRH?

CRH has initiated a share buyback program of up to $300 million.

How much cash has CRH returned to shareholders in total?

CRH has returned a total of $3.5 billion in cash to shareholders under its buyback program since May 2018.

What was the average discount at which CRH repurchased its shares?

CRH repurchased its shares at an average discount of 1.63% to the volume-weighted average price.

When will the new share buyback program by CRH end?

The new share buyback program will end no later than September 30, 2022.

How many shares has CRH repurchased in the latest phase?

In the latest phase, CRH repurchased 7.6 million ordinary shares.