CRH PLC CRH Continues Share Buyback Programme (9303Z)
20 Septiembre 2022 - 1:00AM
UK Regulatory
TIDMCRH
RNS Number : 9303Z
CRH PLC
20 September 2022
Press Release
CRH Continues Share Buyback Programme
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 16 June 2022 and 19 September 2022, 8.2 million ordinary
shares were repurchased on Euronext Dublin at an average discount
of 0.93% to the volume weighted average price over the period.
This brings total cash returned to shareholders under our
ongoing share buyback programme to $3.8 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, 20 September 2022, and
will end no later than 16 December 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 55,827,503 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.
* Being an amount equal to EUR300 million (based on a FX rate of
EUR1:$1 fixed for the duration of the Buyback).
***
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.73,000 people at
c.3,200 operating locations in 29 countries. It is the largest
building materials business in North America and in Europe and also
has regional positions in Asia. CRH manufactures and supplies a
range of integrated building materials, products and innovative
end-to-end solutions which can be found throughout the built
environment in a wide range of construction projects from major
public infrastructure to homes and commercial buildings. 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 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.co m
Registered Office: No 12965. Registered Office: 42 Fitzwilliam
Square, Dublin 2, R02 R279, Ireland
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