CRH begins phase two of its program of repurchase of shares and GDRs

  • CRH begins phase two of its program of repurchase of shares and GDRs
    Independent.t. E.
    Ireland’s largest company CRH has announced the second phase of its stock repurchase program.
    https://www.independent.ie/business/irish/crh-commences-phase-two-of-its-share-buyback-programme-37262987.html
    https://www.independent.ie/business/irish/article37246674.ece/14c91/AUTOCROP/h342/2018-08-24_bus_43524735_I1.JPG

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Ireland’s largest company CRH has announced the second phase of its stock repurchase program.

Group to repurchase ordinary shares worth up to €1 billion over the next 12 months.

After the first phase of the share buyback program in July, which will amount to 350 million cash was returned to shareholders, CRH announced today that it has entered into agreements with UBS to repurchase ordinary shares on behalf of the CRB for a maximum amount of 350 metres.

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The program will be completed no later than November 19.

The goal of the program is the reduction of the share capital of CRH.

Earlier this month, the band posted 1pcs increases revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) year-on-year in the first half.

She faces serious challenges, ranging from a currency negative to extreme weather conditions, but said it expects EBITDA in the second half to be ahead of last year. Strong economic indicators in the US is a factor.

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