CRH Continues Share Buyback Programme

Rhea-AI Summary

CRH plc, a global leader in building materials, has initiated a share buyback programme worth up to $300 million, commencing June 30, 2021, and concluding by October 1, 2021. The buyback aims to reduce CRH's share capital and adheres to the AGM authorization allowing for the repurchase of up to 10% of its ordinary shares in issue. This initiative is executed through Societe Generale, which will operate independently under pre-set parameters. The repurchased shares will either be held in treasury or canceled later.

Positive

• Initiation of a $300 million buyback programme to enhance shareholder value.
• Buyback aims to reduce share capital, potentially increasing EPS.
• Execution through Societe Generale ensures professional management of the buyback.

Negative

• None.

DUBLIN, IRELAND / ACCESSWIRE / June 30, 2021 / CRH plc, the leading building materials business in the world, is pleased to announce the continuation of its share buyback programme.

The Group has entered into arrangements with Societe Generale to repurchase ordinary shares on CRH's behalf for a consideration of up to $300 million (the 'Buyback'). The Buyback will commence today, 30 June 2021, and will end no later than 1 October 2021.

Under the terms of the Buyback, ordinary shares will be repurchased on Euronext Dublin. CRH has entered into non-discretionary instructions with Societe Generale, 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 29 April 2021 to repurchase up to 10% of the Company's ordinary shares in issue (being 66,634,105 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 Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (also as in force in the UK, from time to time, including, where relevant, pursuant to 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.

This announcement relates solely to the Buyback and 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.

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

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SOURCE: CRH PLC

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FAQ

What is the purpose of the CRH share buyback programme?

The CRH share buyback programme aims to reduce the company's share capital, enhancing shareholder value.

How much is CRH spending on its buyback programme?

CRH is implementing a buyback programme worth up to $300 million.

When does the CRH buyback programme start and end?

The CRH buyback programme began on June 30, 2021, and will conclude by October 1, 2021.

Who is managing the CRH buyback programme?

The buyback programme is being managed by Societe Generale on CRH's behalf.

How many shares can CRH repurchase under the buyback?

CRH can repurchase up to 10% of its ordinary shares in issue, equating to 66,634,105 shares.