CRH continues share buy-back

CRH plans to repurchase EUR350m (US$390.6m) of ordinary shares between 29 April and 16 August 2019, according to a company statement.

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 J&E Davy to conduct the transaction on its behalf and to make trading decisions under the buy-back independently of CRH in accordance with certain preset parameters.

With the buy-back the company plans to reduce the share capital of CRH and will be carried out within the limitations of the authority granted at its AGM of 25 April to repurchase up to 10 per cent (49,605,183) of the company’s ordinary shares in issue.