CRH Continues Share Buyback Program
29 Février 2024 - 8:05AM
Business Wire
CRH plc, the leading provider of building materials solutions,
is pleased to announce that it has completed the latest phase of
its share buyback program, returning a further $0.3 billion of cash
to shareholders.
Between December 21, 2023 and February 28, 2024, 4.2 million
ordinary shares listed on the New York Stock Exchange were
repurchased. This brings total cash returned to shareholders under
our ongoing share buyback program to $7.3 billion since its
commencement in May 2018.
CRH today also announces that it has entered into an arrangement
with Barclays Capital Inc. (“Barclays”) to repurchase ordinary
shares listed on the New York Stock Exchange on CRH’s behalf for an
aggregate maximum consideration of up to $300 million (the
“Buyback”). The Buyback will commence today, February 29, 2024, and
will end no later than May 9, 2024.
Barclays will conduct the Buyback on CRH’s behalf and will make
trading decisions under the Buyback independently of CRH in
accordance with certain pre-set parameters. The maximum number of
ordinary shares which may be acquired pursuant to the Buyback is
13,000,000. The purpose of the Buyback is to reduce the share
capital of CRH.
The Buyback will be conducted within the parameters prescribed
by (i) Rule 10b5-1 and Rule 10b-18 under the U.S. Securities
Exchange Act of 1934, as amended and (ii) the EU Market Abuse
Regulation (596/2014) and Commission Delegated Regulation (EU)
2016/1052 as such legislation forms part of the law in the United
Kingdom (“UK”) pursuant to the EU (Withdrawal) Act 2018 (as may be
amended and/or supplemented from time to time). No repurchases will
be made outside of the United States. The repurchased ordinary
shares will be cancelled.
Any decision in relation to any future buyback program will be
based on an ongoing assessment of the capital needs of the business
and general market conditions.
About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building
materials solutions that build, connect and improve our world.
Employing c.78,500 people at c.3,390 operating locations in 29
countries, CRH has market leadership positions in both North
America and Europe. As the essential partner for transportation and
critical utility infrastructure projects, complex non-residential
construction 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. The company is
ranked among sector leaders by Environmental, Social and Governance
(ESG) rating agencies. A Fortune 500 company, CRH’s shares are
listed on the NYSE and LSE.
Registered Office: No 12965. Registered
Office: 42 Fitzwilliam Square, Dublin 2, R02 R279, Ireland
Forward-Looking Statements
This document contains statements that are, or may be deemed to
be, forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These
forward-looking statements may generally, but not always, be
identified by the use of words such as "will" or similar
expressions. These forward-looking statements include all matters
that are not historical facts or matters of fact at the date of
this document. Forward-looking statements are subject to risks,
uncertainties and other factors because they relate to events and
depend on circumstances that may or may not occur in the future
and/or are beyond CRH’s control or precise estimate. Such
forward-looking statements include, but are not limited to,
expectations related to the structure, timing and volume of the
Buyback and manner in which the Buyback will be conducted and
expectations related to decisions on any future buyback program.
There are important factors that could cause actual outcomes and
results to be materially different, including risks and
uncertainties relating to CRH described under “Principal Risks and
Uncertainties (Risk Factors)” of CRH’s Annual Report and Form 20-F
for the year ended December 31, 2022 and CRH’s other filings with
the U.S. Securities and Exchange Commission. You are cautioned not
to place undue reliance on any forward-looking statements. These
forward-looking statements are made as of the date of this
document. CRH expressly disclaims any obligation or undertaking to
publicly update or revise these forward-looking statements other
than as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240228395589/en/
Contact CRH at +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
CRH (NYSE:CRH)
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