CRH Continues Share Buyback Programme

Rhea-AI Summary

CRH plc has successfully completed another phase of its share buyback program, returning an additional $0.3 billion to shareholders. From December 19, 2022 to March 30, 2023, 5.9 million ordinary shares were repurchased, totaling $4.3 billion since the program began in May 2018. Furthermore, CRH has initiated a $750 million buyback with UBS to repurchase up to 50 million shares between March 31, 2023, and June 29, 2023. This buyback aims to reduce share capital and is part of a broader $3 billion buyback program announced earlier. All transactions will comply with relevant regulations.

Positive

• Completed buyback phase returning $0.3 billion to shareholders.
• Total returned in buyback program reaches $4.3 billion since May 2018.
• Initiating a $750 million share buyback to reduce share capital.
• Part of a broader $3 billion buyback program enhancing shareholder value.

Negative

• None.

DUBLIN, IRELAND / ACCESSWIRE / March 31, 2023 / 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 19 December 2022 and 30 March 2023, 5.9 million ordinary shares were repurchased on Euronext Dublin. This brings total cash returned to shareholders under our ongoing share buyback programme to $4.3 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 $750 million* (the "Buyback"). The Buyback will commence today, 31 March 2023, and will end no later than 29 June 2023. This $750 million tranche is the initial stage of the wider $3 billion programme announced on 2 March 2023.

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

The maximum number of ordinary shares that may be repurchased under the Buyback is 50,000,000. The purpose of the Buyback is to reduce the share capital of CRH. The Buyback will at all times be conducted in accordance with the applicable annual general authorities granted by shareholders to repurchase CRH's ordinary shares.

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.

* Being an amount equal to €690 million (based on a FX rate of $1.00:€0.92 fixed for the duration of the Buyback).

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

Albert Manifold	Chief Executive
Jim Mintern	Chief Financial Officer
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 provider of building materials solutions that build, connect and improve our world. Employing c.75,800 people at c.3,160 locations in 29 countries, CRH has market leadership positions in both North America and in Europe. As the essential partner for road and critical utility infrastructure, commercial building projects and outdoor living solutions, CRH's unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment. 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. The company is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies. 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 recent buyback amount for CRH?

CRH has announced a recent buyback amount of $750 million.

When did CRH's latest share buyback program start?

The latest buyback program commenced on March 31, 2023.

How many shares did CRH repurchase between December 2022 and March 2023?

CRH repurchased 5.9 million ordinary shares during that period.

What is the total cash returned to CRH shareholders?

The total cash returned to shareholders under the buyback program is $4.3 billion.

What is the maximum number of shares CRH plans to repurchase in the current buyback?

CRH plans to repurchase up to 50 million ordinary shares in the current buyback.