CRH completes latest phase of share buyback program

CRH has completed the latest phase of its share buyback programme, returning a further $0.3 billion of cash to shareholders. Between 19 December 2022 and 30 March 2023, 5.9 million ordinary shares were repurchased on Euronext Dublin. This brings total cash returned to shareholders under our ongoing share buyback programme to $4.3 billion since its commencement in May 2018. CRH also announces that it has entered into arrangements with UBS A.G., London Branch to repurchase ordinary shares on CRH’s behalf for a maximum consideration of $750 million. The Buyback will commence today, 31 March 2023, and will end no later than 29 June 2023. This $750 million tranche is the initial stage of the wider $3 billion programme announced on 2 March 2023. 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 UBS, acting as principal, to conduct the Buyback on its behalf and to make trading decisions under the Buyback independently of CRH in accordance with certain pre-set parameters.