CRH PLC CRH Continues Share Buyback Program (5353X)
21 Diciembre 2023 - 1:00AM
UK Regulatory
TIDMCRH
RNS Number : 5353X
CRH PLC
21 December 2023
Press Release
CRH Continues Share Buyback Program
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 $1.0 billion of cash
to shareholders.
Between 25 September 2023 and 20 December 2023, 17.1 million
ordinary shares listed on the New York Stock Exchange and on the
London Stock Exchange were repurchased. This brings total cash
returned to shareholders under our ongoing share buyback program to
$7 billion since its commencement in May 2018.
CRH today also announces that it has entered into an arrangement
with Citigroup Global Markets Inc. ("Citi") to repurchase ordinary
shares listed on the New York Stock Exchange on CRH's behalf for an
aggregate maximum consideration of $300 million (the "Buyback").
The Buyback will commence today, 21 December 2023, and will end no
later than 28 February 2024. This $300 million tranche is the final
stage of the wider $3 billion program announced on 2 March
2023.
Citi 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
18,000,000. 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 retained EU law in the
United Kingdom ("UK") (as defined in the EU (Withdrawal) Act 2018)
and as amended pursuant to the UK's Market Abuse (Amendment) (EU
Exit) Regulations 2019 (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.
***
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
About CRH
CRH (NYSE: CRH, LSE: 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 operating locations in 29
countries, CRH has market leadership positions in both North
America and 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. 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", "believe",
"continues", "is expected to", 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 risks, uncertainties
and other factors include, but are not limited to, plans and
expectations related to the anticipated financial and operational
results of the US primary listing, expectations related to the US
as a driver for future growth, and plans and expectations related
to government policies. There are important factors, risks and
uncertainties 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 the Company's Annual Report and Form 20-F for the year
ended December 31, 2022. 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. The Company
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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