CRH completes fourth phase of share buyback

CRH plc has completed the fourth phase of its share buyback programme, returning a further EUR200m of cash to shareholders, according to a press release.

Between 2 January and 29 March 2019, 7.6m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 0.6 per cent to the volume weighted average price over the period.

This now brings total cash returned to shareholders under the programme to approximately EUR1bn over the last 12 months. Further buybacks are reportedly under active consideration, with details expected to be announced on 24 April 2019.