CRH announces $300M share buyback program

CRH announced that it has completed the latest phase of its share buyback program, returning a further $0.3B of cash to shareholders. Between December 21, 2023 and February 28, 4.2M 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 $7.3B since its commencement in May 2018. CRH also announces that it has entered into an arrangement with Barclays to repurchase ordinary shares listed on the New York Stock Exchange on CRH’s behalf for an aggregate maximum consideration of up to $300M. The buyback will commence February 29 and will end no later than May 9. 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 13M. The purpose of the buyback is to reduce the share capital of CRH.