CRB completed the first phase of stock repurchase program

  • CRB completed the first phase of stock repurchase program
    Independent.t. E.
    CRH, Ireland’s largest company, has completed the first phase of its buyback of shares return of €350 million in cash to shareholders.
    https://www.independent.ie/business/irish/crh-completes-phase-one-of-share-buyback-programme-37177765.html
    https://www.independent.ie/business/article37177772.ece/3dd59/AUTOCROP/h342/2018-06-19_bus_41842585_I1.JPG

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CRH, Ireland’s largest company, has completed the first phase of its buyback of shares return of €350 million in cash to shareholders.

Between 2 may and 31 July 2018 11.4 million ordinary shares were purchased contractors materials group on the London stock exchange at an average discount of 0.5 PC to the weighted average price for the period.

The company will release details of the subsequent phases of the program to repurchase shares in the prescribed manner.

  • Read more: CRH sells handmade business for €510 million, as Moody’s warns on emissions

CRH plans to buy back up to $ 1 billion of its own shares over the next 12 months, announcing the proposed redemption in April.

At the beginning of this year, CRH, which last year recorded a profit of €3.3 billion, an increase of 3pc compared to the same period in 2016 on a similar basis, announced the appointment of former CEO of Bank of Ireland Richie Boucher to its Board of Directors.

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